Ringkjรธbing Landbobank
RILBA.CO
#3102
Rank
HK$30.47 B
Marketcap
HK$1,280
Share price
-1.18%
Change (1 day)
15.36%
Change (1 year)

P/E ratio for Ringkjรธbing Landbobank (RILBA.CO)

P/E ratio as of December 2024 (TTM): 18.1

According to Ringkjรธbing Landbobank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.0823. At the end of 2022 the company had a P/E ratio of 17.8.

P/E ratio history for Ringkjรธbing Landbobank from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202217.8-13.55%
202120.517.14%
202017.512.9%
201915.516.51%
201813.37.96%
201712.3-18.52%
201615.1-23.47%
201519.822.92%
201416.1-13.08%
201318.518.33%
201215.753.64%
201110.2-28.32%
201014.2

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.