P/E ratio for CITIC limited (0267.HK)
P/E ratio at the end of 2021: 3.18
According to CITIC limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.40362. At the end of 2021 the company had a P/E ratio of 3.18.
P/E ratio history for CITIC limited from 2002 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.18 | 14.9% |
| 2020 | 2.77 | -50.22% |
| 2019 | 5.56 | -18.94% |
| 2018 | 6.86 | -8.18% |
| 2017 | 7.47 | 0.36% |
| 2016 | 7.44 | -13.71% |
| 2015 | 8.62 | 5.33% |
| 2014 | 8.19 | 35.21% |
| 2013 | 6.05 | -9.46% |
| 2012 | 6.69 | 21.63% |
| 2011 | 5.50 | -29.65% |
| 2010 | 7.82 | -37.81% |
| 2009 | 12.6 | -976.14% |
| 2008 | -1.43 | -116.67% |
| 2007 | 8.60 | 26.89% |
| 2006 | 6.78 | -41.87% |
| 2005 | 11.7 | -13.94% |
| 2004 | 13.6 | -58.64% |
| 2003 | 32.8 | 309.47% |
| 2002 | 8.00 |
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.