P/E ratio for Wuliangye Yibin (000858.SZ)
P/E ratio as of September 2023 (TTM): 20.1
According to Wuliangye Yibin's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.1151. At the end of 2021 the company had a P/E ratio of 37.4.
P/E ratio history for Wuliangye Yibin from 2003 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 37.4 | -32.91% |
| 2020 | 55.8 | 88.35% |
| 2019 | 29.6 | 106.1% |
| 2018 | 14.4 | -54.15% |
| 2017 | 31.4 | 62.48% |
| 2016 | 19.3 | 13.91% |
| 2015 | 16.9 | 22.12% |
| 2014 | 13.9 | 95.37% |
| 2013 | 7.10 | -34.18% |
| 2012 | 10.8 | -46.66% |
| 2011 | 20.2 | -31% |
| 2010 | 29.3 | -19.42% |
| 2009 | 36.4 | 26.19% |
| 2008 | 28.8 | -75.46% |
| 2007 | 117 | 121.81% |
| 2006 | 52.9 | 112.86% |
| 2005 | 24.9 | 13.55% |
| 2004 | 21.9 | -0.27% |
| 2003 | 22.0 | -0.22% |
| 2002 | 22.0 |
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.