P/E ratio for SMIC (0981.HK)
P/E ratio as of April 2024 (TTM): 10.2
According to SMIC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.2221. At the end of 2021 the company had a P/E ratio of 10.4.
P/E ratio history for SMIC from 2005 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 10.4 | -58.1% |
| 2020 | 24.8 | -26.14% |
| 2019 | 33.6 | 85.97% |
| 2018 | 18.1 | -46.54% |
| 2017 | 33.8 | 144.89% |
| 2016 | 13.8 | 0.93% |
| 2015 | 13.7 | -27.26% |
| 2014 | 18.8 | 67.16% |
| 2013 | 11.2 | -52.4% |
| 2012 | 23.6 |
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.