Sinopec
600028.SS
#183
Rank
$68.99 B
Marketcap
$0.60
Share price
0.70%
Change (1 day)
N/A
Change (1 year)

P/E ratio for Sinopec (600028.SS)

P/E ratio as of October 2022 (TTM): 0.0441

According to Sinopec's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.0441079. At the end of 2021 the company had a P/E ratio of 5.02.

P/E ratio history for Sinopec from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20215.02-53.56%
202010.823.09%
20198.78-9.25%
20189.67-14.29%
201711.3-11.9%
201612.8-11.78%
201514.516.75%
201412.444.08%
20138.63-13.84%
201210.027.46%
20117.864.59%
20107.52-11.05%
20098.45-31.43%
200812.3-26.85%
200716.844.29%
200611.737.18%
20058.515.62%
20048.06-41.72%
200313.885.96%
20027.4422.91%
20016.05

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.