P/E ratio for Hua Xia Bank (600015.SS)
P/E ratio as of May 2024 (TTM): 4.20
According to Hua Xia Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.19811. At the end of 2022 the company had a P/E ratio of 3.63.
P/E ratio history for Hua Xia Bank from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.63 | -12.51% |
| 2021 | 4.15 | -20.36% |
| 2020 | 5.21 | -6.97% |
| 2019 | 5.60 | 19.48% |
| 2018 | 4.69 | -22.94% |
| 2017 | 6.08 | 2.9% |
| 2016 | 5.91 | -13.35% |
| 2015 | 6.82 | 2.34% |
| 2014 | 6.66 | 35.31% |
| 2013 | 4.93 | -10.93% |
| 2012 | 5.53 | -27.09% |
| 2011 | 7.58 | -17.01% |
| 2010 | 9.14 | -44.55% |
| 2009 | 16.5 | 59.5% |
| 2008 | 10.3 | -73.02% |
| 2007 | 38.3 | 80.15% |
| 2006 | 21.3 | 36.64% |
| 2005 | 15.6 | -9.23% |
| 2004 | 17.1 |
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.