P/E ratio for Zhuzhou CRRC Times Electric (3898.HK)
P/E ratio at the end of 2021: 22.6
According to Zhuzhou CRRC Times Electric's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2021 the company had a P/E ratio of 22.6.
P/E ratio history for Zhuzhou CRRC Times Electric from 2006 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 22.6 | 78.36% |
| 2020 | 12.7 | 11.68% |
| 2019 | 11.3 | -34.54% |
| 2018 | 17.3 | -11.92% |
| 2017 | 19.6 | 38.53% |
| 2016 | 14.2 | -4.77% |
| 2015 | 14.9 | 15.22% |
| 2014 | 12.9 | -18.66% |
| 2013 | 15.9 | -23.93% |
| 2012 | 20.9 | 66.7% |
| 2011 | 12.5 | -61.09% |
| 2010 | 32.2 | 15.38% |
| 2009 | 27.9 | 101.8% |
| 2008 | 13.8 | -59.39% |
| 2007 | 34.1 | 39.71% |
| 2006 | 24.4 |
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.