P/E ratio for Agricultural Bank of China (601288.SS)
P/E ratio as of April 2024 (TTM): 5.94
According to Agricultural Bank of China's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.93946. At the end of 2022 the company had a P/E ratio of 4.22.
P/E ratio history for Agricultural Bank of China from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.22 | -6.76% |
| 2021 | 4.52 | -15.01% |
| 2020 | 5.32 | -14.91% |
| 2019 | 6.25 | 6.61% |
| 2018 | 5.87 | -11.16% |
| 2017 | 6.60 | 17.16% |
| 2016 | 5.64 | -4.02% |
| 2015 | 5.87 | -12.94% |
| 2014 | 6.75 | 38.72% |
| 2013 | 4.86 | -21.85% |
| 2012 | 6.22 | -9.75% |
| 2011 | 6.89 | -15.1% |
| 2010 | 8.12 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ICBC 1398.HK | 3.75 | -36.84% | 🇨🇳 China |
 China Construction Bank 601939.SS | 5.17 | -12.96% | 🇨🇳 China |
 Bank of China 601988.SS | 6.05 | 1.90% | 🇨🇳 China |
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.