P/E ratio for MGM China Holdings (2282.HK)
P/E ratio at the end of 2022: -22.8
According to MGM China Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -38.6009. At the end of 2022 the company had a P/E ratio of -22.8.
P/E ratio history for MGM China Holdings from 2011 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -22.8 | 392.33% |
| 2021 | -4.62 | -49.51% |
| 2020 | -9.16 | -136.42% |
| 2019 | 25.1 | -43.94% |
| 2018 | 44.9 | 15.92% |
| 2017 | 38.7 | 93.78% |
| 2016 | 20.0 | 69.35% |
| 2015 | 11.8 | -9.72% |
| 2014 | 13.1 | -43.3% |
| 2013 | 23.0 | 92.72% |
| 2012 | 12.0 | 1.81% |
| 2011 | 11.7 |
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.