P/E ratio for Aluminum Corporation of China (601600.SS)
P/E ratio as of June 2024 (TTM): 129
According to Aluminum Corporation of China's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 128.547. At the end of 2014 the company had a P/E ratio of -5.21.
P/E ratio history for Aluminum Corporation of China from 2003 to 2017
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2014 | -5.21 | |
| 2012 | -8.41 | -102.75% |
| 2011 | 306 | 77.88% |
| 2010 | 172 | -503.35% |
| 2009 | -42.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kaiser Aluminum
KALU | 121 | -5.62% | 🇺🇸 USA |
 Alcoa AA | -9.03 | -107.03% | 🇺🇸 USA |
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.