China Life Insurance
601628.SS
#158
Rank
$102.22 B
Marketcap
$4.41
Share price
-0.62%
Change (1 day)
-2.94%
Change (1 year)

China Life Insurance Company Limited is a Chinese insurance company based in Beijing. It is the fifth largest insurer worldwide, according to Forbes.

P/E ratio for China Life Insurance (601628.SS)

P/E ratio as of July 2024 (TTM): 15.6

According to China Life Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.6458. At the end of 2022 the company had a P/E ratio of 32.6.

P/E ratio history for China Life Insurance from 2007 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202232.694.2%
202116.8-20.61%
202021.124.37%
201917.0-66.81%
201851.289.83%
201726.9-26.17%
201636.556.03%
201523.4-21.63%
201429.975.36%
201317.0-67.17%
201251.891.04%
201127.153.49%
201017.7-35.08%
200927.2-0.33%
200827.3-33.24%
200740.9-21.15%
200651.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
N/AN/A๐Ÿ‡ฌ๐Ÿ‡ง UK
15.4-1.81%๐Ÿ‡บ๐Ÿ‡ธ USA
8.55-45.37%๐Ÿ‡บ๐Ÿ‡ธ USA
12.2-21.95%๐Ÿ‡บ๐Ÿ‡ธ 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.