Sinopec
600028.SS
#164
Rank
$97.49 B
Marketcap
$0.84
Share price
-0.65%
Change (1 day)
-4.06%
Change (1 year)

P/E ratio for Sinopec (600028.SS)

P/E ratio as of June 2024 (TTM): 11.7

According to Sinopec's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7314. At the end of 2022 the company had a P/E ratio of 7.97.

P/E ratio history for Sinopec from 2002 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.9712.19%
20217.10-51.63%
202014.737.34%
201910.78.66%
20189.84-32.08%
201714.53.13%
201614.1-24.23%
201518.517.9%
201415.7102.38%
20137.77-15.88%
20129.248.73%
20118.50-11.73%
20109.63-50.3%
200919.4-1.37%
200819.6-45.85%
200736.3138.59%
200615.248.82%
200510.2-12.4%
200411.7-48.97%
200322.822.41%
200218.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.3-3.58%๐Ÿ‡จ๐Ÿ‡ณ China
4.14-64.72%๐Ÿ‡ฌ๐Ÿ‡ง UK
12.2 3.60%๐Ÿ‡บ๐Ÿ‡ธ USA
11.1-5.41%๐Ÿ‡บ๐Ÿ‡ธ USA
-30.8-362.20%๐Ÿ‡บ๐Ÿ‡ธ USA

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.