P/E ratio for Hong Kong and China Gas (0003.HK)
P/E ratio at the end of 2022: 26.3
According to Hong Kong and China Gas 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.0192. At the end of 2022 the company had a P/E ratio of 26.3.
P/E ratio history for Hong Kong and China Gas from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.3 | -41.76% |
| 2021 | 45.2 | 32.51% |
| 2020 | 34.1 | -7.57% |
| 2019 | 36.9 | 37.19% |
| 2018 | 26.9 | 3.47% |
| 2017 | 26.0 | 10.24% |
| 2016 | 23.6 | -1.5% |
| 2015 | 24.0 | -8.11% |
| 2014 | 26.1 | 6.05% |
| 2013 | 24.6 | 2.88% |
| 2012 | 23.9 | 4.11% |
| 2011 | 23.0 | -3.67% |
| 2010 | 23.8 | -0.94% |
| 2009 | 24.1 | 35.81% |
| 2008 | 17.7 | 13.72% |
| 2007 | 15.6 | -4.79% |
| 2006 | 16.4 | -5.12% |
| 2005 | 17.2 | -37.18% |
| 2004 | 27.5 | 26.47% |
| 2003 | 21.7 | -98.84% |
| 2002 | > 1000 | 10252.1% |
| 2001 | 18.1 |
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.