P/E ratio for Weichai Power (2338.HK)
P/E ratio as of April 2024 (TTM): 22.2
According to Weichai Power 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.2336. At the end of 2022 the company had a P/E ratio of 15.9.
P/E ratio history for Weichai Power from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.9 | 41.68% |
| 2021 | 11.2 | -5.83% |
| 2020 | 11.9 | -5.68% |
| 2019 | 12.7 | 79.5% |
| 2018 | 7.05 | -19.01% |
| 2017 | 8.70 | -47.54% |
| 2016 | 16.6 | -16.42% |
| 2015 | 19.9 | 90.42% |
| 2014 | 10.4 | -24.4% |
| 2013 | 13.8 | -25.5% |
| 2012 | 18.5 | |
| 2010 | 10.1 | -24.63% |
| 2009 | 13.5 | 139.44% |
| 2008 | 5.62 | -54.44% |
| 2007 | 12.3 | -11% |
| 2006 | 13.9 |
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.