P/E ratio for China Pacific Insurance (601601.SS)
P/E ratio as of May 2024 (TTM): 10.1
According to China Pacific Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.0963. At the end of 2022 the company had a P/E ratio of 9.58.
P/E ratio history for China Pacific Insurance from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.58 | -1.46% |
| 2021 | 9.72 | -33.17% |
| 2020 | 14.5 | 17.62% |
| 2019 | 12.4 | -10.19% |
| 2018 | 13.8 | -46.15% |
| 2017 | 25.6 | 23.37% |
| 2016 | 20.7 | 40.74% |
| 2015 | 14.7 | -44.38% |
| 2014 | 26.5 | 45.74% |
| 2013 | 18.2 | -51.56% |
| 2012 | 37.5 | 89.35% |
| 2011 | 19.8 | -13.52% |
| 2010 | 22.9 | -15.98% |
| 2009 | 27.3 | -19.12% |
| 2008 | 33.7 | -22.36% |
| 2007 | 43.4 |
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.