P/E ratio for Wuliangye Yibin (000858.SZ)
P/E ratio as of April 2024 (TTM): 19.4
According to Wuliangye Yibin's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.3805. At the end of 2022 the company had a P/E ratio of 26.3.
P/E ratio history for Wuliangye Yibin from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.3 | -28.92% |
| 2021 | 37.0 | -34.87% |
| 2020 | 56.8 | 91.26% |
| 2019 | 29.7 | 106.62% |
| 2018 | 14.4 | -54.19% |
| 2017 | 31.4 | 62.48% |
| 2016 | 19.3 | 15.08% |
| 2015 | 16.8 | 19.86% |
| 2014 | 14.0 | 87.58% |
| 2013 | 7.46 | -30.87% |
| 2012 | 10.8 | -46.66% |
| 2011 | 20.2 | -32.26% |
| 2010 | 29.9 | -19.38% |
| 2009 | 37.0 | 32.13% |
| 2008 | 28.0 | -71.3% |
| 2007 | 97.7 | 105.62% |
| 2006 | 47.5 | 90.92% |
| 2005 | 24.9 | 13.38% |
| 2004 | 21.9 | 1.67% |
| 2003 | 21.6 | 1.07% |
| 2002 | 21.4 | -5.74% |
| 2001 | 22.7 |
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.