Ping An Insurance
601318.SS
#170
Rank
$97.12 B
Marketcap
$5.92
Share price
1.56%
Change (1 day)
-10.96%
Change (1 year)

P/E ratio for Ping An Insurance (601318.SS)

P/E ratio as of July 2024 (TTM): 7.38

According to Ping An Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.37538. At the end of 2022 the company had a P/E ratio of 9.79.

P/E ratio history for Ping An Insurance from 2007 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20229.7912.08%
20218.74-18.74%
202010.85.68%
201910.210.99%
20189.17-34.64%
201714.038.14%
201610.2-15.68%
201512.0-20.34%
201415.128.94%
201311.7-34.52%
201217.930.46%
201113.7-43.81%
201024.4-16.23%
200929.1-78.08%
2008133172.38%
200748.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
12.3 66.38%๐Ÿ‡จ๐Ÿ‡ฆ Canada
N/AN/A๐Ÿ‡ฌ๐Ÿ‡ง UK
15.6 112.14%๐Ÿ‡จ๐Ÿ‡ณ China

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.