P/E ratio for Sungrow Power Supply (300274.SZ)
P/E ratio as of May 2024 (TTM): 31.3
According to Sungrow Power Supply's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.2561. At the end of 2022 the company had a P/E ratio of 46.2.
P/E ratio history for Sungrow Power Supply from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 46.2 | -65.78% |
| 2021 | 135 | 150.28% |
| 2020 | 53.9 | 212.47% |
| 2019 | 17.3 | 9.38% |
| 2018 | 15.8 | -40.3% |
| 2017 | 26.4 | 5.35% |
| 2016 | 25.1 | -36.25% |
| 2015 | 39.4 | 4.75% |
| 2014 | 37.6 | -33.26% |
| 2013 | 56.3 | 50.6% |
| 2012 | 37.4 | 33.52% |
| 2011 | 28.0 |
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.