Kingnet Network
002517.SZ
#3019
Rank
C$5.90 B
Marketcap
$2.74
Share price
0.65%
Change (1 day)
48.94%
Change (1 year)

P/E ratio for Kingnet Network (002517.SZ)

P/E ratio as of December 2024 (TTM): 25.9

According to Kingnet Network's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.8739. At the end of 2022 the company had a P/E ratio of 13.4.

P/E ratio history for Kingnet Network from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202213.4-37.89%
202121.6-63.52%
202059.1-2115.69%
2019-2.93-107.84%
201837.489.44%
201719.7-41.17%
201633.6-35.14%
201551.725.01%
201441.4-82.72%
2013240921.11%
201223.5-46.68%
201144.0-9.63%
201048.7

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.