P/E ratio for Zijin Mining (601899.SS)
P/E ratio as of April 2024 (TTM): 23.0
According to Zijin Mining's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.0169. At the end of 2022 the company had a P/E ratio of 13.2.
P/E ratio history for Zijin Mining from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.2 | -18.61% |
| 2021 | 16.2 | -56.49% |
| 2020 | 37.2 | 45.73% |
| 2019 | 25.5 | 52.49% |
| 2018 | 16.7 | -41.71% |
| 2017 | 28.7 | -22.7% |
| 2016 | 37.1 | -15.66% |
| 2015 | 44.0 | 43.2% |
| 2014 | 30.7 | 33.02% |
| 2013 | 23.1 | 44.75% |
| 2012 | 16.0 | 8.62% |
| 2011 | 14.7 | -41% |
| 2010 | 24.9 | -38% |
| 2009 | 40.2 | 75.73% |
| 2008 | 22.9 |
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.