ZhongAn Insurance
6060.HK
#3881
Rank
$2.34 B
Marketcap
$1.60
Share price
-1.73%
Change (1 day)
-48.55%
Change (1 year)

P/E ratio for ZhongAn Insurance (6060.HK)

P/E ratio as of March 2024 (TTM): -56.2

According to ZhongAn Insurance 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -56.2282. At the end of 2022 the company had a P/E ratio of -20.6.

P/E ratio history for ZhongAn Insurance from 2018 to 2018

PE ratio at the end of each year

Year P/E ratio Change
2022-20.6-177.9%
202126.4-65.76%
202077.2-193.58%
2019-82.4356.91%
2018-18.0-75.87%
2017-74.8

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.