Bank of China (Hong Kong)
2388.HK
#404
Rank
$60.35 B
Marketcap
$5.71
Share price
1.45%
Change (1 day)
45.99%
Change (1 year)

P/E ratio for Bank of China (Hong Kong) (2388.HK)

P/E ratio at the end of 2024: 6.54

According to Bank of China (Hong Kong)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.255. At the end of 2024 the company had a P/E ratio of 6.54.

P/E ratio history for Bank of China (Hong Kong) from 2002 to 2024

PE ratio at the end of each year

Year P/E ratio Change
20246.548.18%
20236.04-32.76%
20228.99-4.11%
20219.3730.08%
20207.2012.57%
20196.40-0.21%
20186.41-27.53%
20178.85165.73%
20163.33-40.59%
20155.61-12.66%
20146.42-2.43%
20136.58-0.35%
20126.6036.31%
20114.84-41.55%
20108.2935.35%
20096.12-49.75%
200812.293%
20076.31-3.67%
20066.5545.39%
20054.51-7.31%
20044.86-28.41%
20036.7962.98%
20024.17

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.