P/E ratio for Zhejiang Century Huatong (002602.SZ)
P/E ratio as of April 2024 (TTM): -4.45
According to Zhejiang Century Huatong's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4.45332. At the end of 2022 the company had a P/E ratio of -3.97.
P/E ratio history for Zhejiang Century Huatong from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.97 | -115.14% |
| 2021 | 26.2 | 47.5% |
| 2020 | 17.8 | -9.59% |
| 2019 | 19.7 | -55.38% |
| 2018 | 44.1 | -1.72% |
| 2017 | 44.8 | -53.15% |
| 2016 | 95.7 | 12.42% |
| 2015 | 85.1 | 75.34% |
| 2014 | 48.5 | 106.16% |
| 2013 | 23.5 | 16.93% |
| 2012 | 20.1 | 34.68% |
| 2011 | 15.0 |
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.