Zhejiang Zheneng Electric Power Co., Ltd.
600023
Rank in Stocks
#1993
Zhejiang Zheneng Electric Power Co., Ltd. engages in thermal power generation... Zhejiang Zheneng Electric Power Co., Ltd. engages in thermal power generation business in China and internationally. It also provides thermal products, as well as invests in nuclear power projects. The company also engages in gas power generation, integrated energy and other businesses; coal-fired generation; shipping and port management services; and engineering maintenance, as well as power equipment and engineering, and trading business. Zhejiang Zheneng Electric Power Co., Ltd. was formerly known as Zhejiang Electric Power Development. The company was founded in 1985 and is headquartered in Hangzhou, China. Zhejiang Zheneng Electric Power Co., Ltd. operates as a subsidiary of Zhejiang Provincial Energy Group Company Ltd.
Share Price
$0.78253498
Market Cap
$10.49B
Change (1 day)
0.00%
Change (1 year)
7.97%
Country
CN
Trade Zhejiang Zheneng Electric Power Co., Ltd. (600023)
Category
Utilities
P/E ratio for Zhejiang Zheneng Electric Power Co., Ltd. (600023)
P/E ratio as of October 2026 TTM: 13.26
According to Zhejiang Zheneng Electric Power Co., Ltd. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.26. At the end of 2023 the company had a P/E ratio of 10.00.
P/E ratio history for Zhejiang Zheneng Electric Power Co., Ltd. from 2010 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | 13.26 | 35.84% |
| 2024 | 9.76 | -2.41% |
| 2023 | 10.00 | -176.91% |
| 2022 | -13.00 | -52.34% |
| 2021 | -27.28 | -436.34% |
| 2020 | 8.11 | -35.34% |
| 2019 | 12.54 | -19.07% |
| 2018 | 15.50 | -7.64% |
| 2017 | 16.78 | 43.42% |
| 2016 | 11.70 | -15.64% |
| 2015 | 13.87 | -3.27% |
| 2014 | 14.34 | 51.67% |
| 2013 | 9.45 | -52.08% |
| 2012 | 19.73 | -35.56% |
| 2011 | 30.62 | 13.25% |
| 2010 | 27.04 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| 20.09 | 51.52% |
CN
|
|
| 27.14 | 104.70% |
US
|
|
| 25.34 | 91.13% |
US
|
|
| 26.57 | 100.39% |
IN
|
|
| - | - |
CN
|
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.