P/E ratio for Zhongsheng Group (0881.HK)
P/E ratio at the end of 2022: 12.8
According to Zhongsheng Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.64746. At the end of 2022 the company had a P/E ratio of 12.8.
P/E ratio history for Zhongsheng Group from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.8 | -6.19% |
| 2021 | 13.7 | -25.84% |
| 2020 | 18.5 | 29.14% |
| 2019 | 14.3 | 71.59% |
| 2018 | 8.33 | -14.77% |
| 2017 | 9.77 | 38.05% |
| 2016 | 7.08 | -61.71% |
| 2015 | 18.5 | 16.63% |
| 2014 | 15.8 | 1.17% |
| 2013 | 15.7 | -35.11% |
| 2012 | 24.1 | 71.65% |
| 2011 | 14.1 | -45.19% |
| 2010 | 25.7 |
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.