P/E ratio for CNOOC (0883.HK)
P/E ratio as of June 2025 (TTM): 5.97
According to CNOOC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.97342. At the end of 2023 the company had a P/E ratio of 4.55.
P/E ratio history for CNOOC from 2004 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 4.55 | 55.58% |
| 2022 | 2.93 | -30.3% |
| 2021 | 4.20 | -61.19% |
| 2020 | 10.8 | 27.46% |
| 2019 | 8.49 | -0.14% |
| 2018 | 8.50 | -50.29% |
| 2017 | 17.1 | -98.03% |
| 2016 | 868 | 5603.12% |
| 2015 | 15.2 | 148.06% |
| 2014 | 6.13 | -30.78% |
| 2013 | 8.86 | -8.81% |
| 2012 | 9.72 | 38.75% |
| 2011 | 7.00 | -44.89% |
| 2010 | 12.7 | -20.04% |
| 2009 | 15.9 | 148.96% |
| 2008 | 6.38 | -62.95% |
| 2007 | 17.2 | 69.29% |
| 2006 | 10.2 | 17.92% |
| 2005 | 8.63 | -24.74% |
| 2004 | 11.5 |
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.