P/E ratio for ZTE (000063.SZ)
P/E ratio as of May 2024 (TTM): 14.5
According to ZTE's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.4813. At the end of 2022 the company had a P/E ratio of 15.1.
P/E ratio history for ZTE from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.1 | -33.64% |
| 2021 | 22.8 | -37.69% |
| 2020 | 36.6 | 26.09% |
| 2019 | 29.0 | -347.67% |
| 2018 | -11.7 | -135.11% |
| 2017 | 33.4 | -210.08% |
| 2016 | -30.3 | -226.87% |
| 2015 | 23.9 | 2.36% |
| 2014 | 23.3 | -30.37% |
| 2013 | 33.5 | -385.29% |
| 2012 | -11.7 | -143.1% |
| 2011 | 27.3 | 50.24% |
| 2010 | 18.1 | -43.99% |
| 2009 | 32.4 | 47.08% |
| 2008 | 22.0 | -53.17% |
| 2007 | 47.0 | -3.78% |
| 2006 | 48.9 | 125.26% |
| 2005 | 21.7 | -1.64% |
| 2004 | 22.1 | 24.47% |
| 2003 | 17.7 | 40.62% |
| 2002 | 12.6 |
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.