P/E ratio for Tingyi (master kang) (0322.HK)
P/E ratio as of May 2024 (TTM): 16.8
According to Tingyi (master kang)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.7839. At the end of 2017 the company had a P/E ratio of 40.4.
P/E ratio history for Tingyi (master kang) from 2009 to 2018
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2017 | 40.4 | 5.31% |
| 2016 | 38.4 | 26.35% |
| 2015 | 30.4 | -4.03% |
| 2014 | 31.6 | -20.67% |
| 2013 | 39.9 | 17.03% |
| 2012 | 34.1 | |
| 2010 | 30.1 | -16.5% |
| 2009 | 36.1 |
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.