Zhejiang Century Huatong
002602.SZ
#2661
Rank
$4.01 B
Marketcap
$0.54
Share price
-0.26%
Change (1 day)
-54.62%
Change (1 year)

P/E ratio for Zhejiang Century Huatong (002602.SZ)

P/E ratio as of November 2022 (TTM): 10.6

According to Zhejiang Century Huatong's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.6001. At the end of 2021 the company had a P/E ratio of 26.2.

P/E ratio history for Zhejiang Century Huatong from 2011 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202126.249.43%
202017.5-32.09%
201925.8-45.61%
201847.46.11%
201744.7-53.28%
201695.71.5%
201594.3112.81%
201444.388.12%
201323.517.25%
201220.132.31%
201115.2

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.