Bank of Shanghai
601229.SS
#1072
Rank
C$25.09 B
Marketcap
$1.77
Share price
0.79%
Change (1 day)
58.65%
Change (1 year)

P/E ratio for Bank of Shanghai (601229.SS)

P/E ratio as of December 2024 (TTM): 5.54

According to Bank of Shanghai's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.54395. At the end of 2022 the company had a P/E ratio of 3.94.

P/E ratio history for Bank of Shanghai from 2016 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20223.94-18.22%
20214.82-13.97%
20205.60-19.75%
20196.98-0.88%
20187.04-2.32%
20177.21-19.06%
20168.91

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.