CNOOC
0883.HK
#157
Rank
NZ$185.76 B
Marketcap
$3.75
Share price
-0.58%
Change (1 day)
36.80%
Change (1 year)

P/E ratio for CNOOC (0883.HK)

P/E ratio as of November 2024 (TTM): 14.4

According to CNOOC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.4344. At the end of 2007 the company had a P/E ratio of 18.9.

P/E ratio history for CNOOC from 2004 to 2010

PE ratio at the end of each year

Year P/E ratio Change
200718.983.39%
200610.318.89%
20058.65-24.04%
200411.4

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.