P/E ratio for Tsingtao (600600.SS)
P/E ratio as of April 2024 (TTM): 25.1
According to Tsingtao's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.1263. At the end of 2022 the company had a P/E ratio of 39.3.
P/E ratio history for Tsingtao from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 39.3 | -7.61% |
| 2021 | 42.5 | -30.31% |
| 2020 | 61.0 | 64.03% |
| 2019 | 37.2 | 13.54% |
| 2018 | 32.8 | -22.11% |
| 2017 | 42.1 | 10.16% |
| 2016 | 38.2 | 45.84% |
| 2015 | 26.2 | -7.69% |
| 2014 | 28.4 | -15.34% |
| 2013 | 33.5 | 31.95% |
| 2012 | 25.4 | -2.47% |
| 2011 | 26.0 | -15.55% |
| 2010 | 30.8 | -22.12% |
| 2009 | 39.6 | 5.87% |
| 2008 | 37.4 | -60.86% |
| 2007 | 95.5 | 129.84% |
| 2006 | 41.6 | 31.61% |
| 2005 | 31.6 | -8.59% |
| 2004 | 34.5 | -2.15% |
| 2003 | 35.3 | 11.2% |
| 2002 | 31.7 |
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.