Zijin Mining
601899.SS
#299
Rank
$63.46 B
Marketcap
$2.47
Share price
-2.76%
Change (1 day)
42.70%
Change (1 year)

P/E ratio for Zijin Mining (601899.SS)

P/E ratio as of July 2024 (TTM): 23.1

According to Zijin Mining's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.0976. At the end of 2022 the company had a P/E ratio of 13.2.

P/E ratio history for Zijin Mining from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202213.2-18.61%
202116.2-56.49%
202037.245.73%
201925.552.49%
201816.7-41.71%
201728.7-22.7%
201637.1-15.66%
201544.043.2%
201430.733.02%
201323.144.75%
201216.08.62%
201114.7-41%
201024.9-38%
200940.275.73%
200822.9

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.