Cenntro Electric Group
CENN
#9602
Rank
HK$0.25 B
Marketcap
HK$8.24
Share price
0.95%
Change (1 day)
-28.74%
Change (1 year)

P/E ratio for Cenntro Electric Group (CENN)

P/E ratio as of December 2024 (TTM): -6.31

According to Cenntro Electric Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -6.31332. At the end of 2021 the company had a P/E ratio of < -1000.

P/E ratio history for Cenntro Electric Group from 2023 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2021< -1000-40.96%
2020< -1000-51.37%
2019< -1000

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.