P/E ratio for Wanhua Chemical (600309.SS)
P/E ratio as of May 2023 (TTM): 14.4
According to Wanhua Chemical's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.3798. At the end of 2021 the company had a P/E ratio of 12.8.
P/E ratio history for Wanhua Chemical from 2004 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.8 | -54.99% |
| 2020 | 28.5 | 64.27% |
| 2019 | 17.4 | 136.74% |
| 2018 | 7.33 | -20.98% |
| 2017 | 9.28 | -26.75% |
| 2016 | 12.7 | -47.32% |
| 2015 | 24.0 | 25.7% |
| 2014 | 19.1 | 25.01% |
| 2013 | 15.3 | 8.71% |
| 2012 | 14.1 | -6.18% |
| 2011 | 15.0 | -26.12% |
| 2010 | 20.3 | -45.38% |
| 2009 | 37.2 | 241.68% |
| 2008 | 10.9 | -74.85% |
| 2007 | 43.3 | 24.11% |
| 2006 | 34.9 | 80.54% |
| 2005 | 19.3 | -4.08% |
| 2004 | 20.1 | -10.42% |
| 2003 | 22.5 | -16.93% |
| 2002 | 27.0 |
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.