P/E ratio for YANGHE (002304.SZ)
P/E ratio as of April 2024 (TTM): 13.9
According to YANGHE's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.8769. At the end of 2022 the company had a P/E ratio of 25.8.
P/E ratio history for YANGHE from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 25.8 | -21.52% |
| 2021 | 32.9 | -30.61% |
| 2020 | 47.3 | 109.91% |
| 2019 | 22.6 | 33.33% |
| 2018 | 16.9 | -35.31% |
| 2017 | 26.2 | 43.35% |
| 2016 | 18.2 | -5.25% |
| 2015 | 19.3 | 1.95% |
| 2014 | 18.9 | 113.73% |
| 2013 | 8.84 | -46.06% |
| 2012 | 16.4 | -43.3% |
| 2011 | 28.9 | -36.8% |
| 2010 | 45.7 | 21.92% |
| 2009 | 37.5 |
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.