CITIC Heavy Industries Co., Ltd.
601608
Rank in Stocks
#4834
Operating extensively across China and globally, CITIC Heavy Industries Co.,... Operating extensively across China and globally, CITIC Heavy Industries Co., Ltd. focuses on the manufacturing and commercialization of substantial industrial machinery. Their comprehensive product line features a variety of robust equipment, including grinding mills, crushers, vertical stirred mills, high-pressure grinding rolls, mine hoists, vertical roller mills, rotary kilns, and liners. Furthermore, the company delivers an array of support services, encompassing equipment setup, operational testing, ongoing maintenance, restoration, remote oversight and diagnostics, system modernization, and performance assurances. Founded in 1956, this entity is headquartered in Luoyang, China, and operates as a subsidiary of the broader CITIC Group Corporation.
Share Price
$0.66950215
Market Cap
$3.07B
Change (1 day)
0.65%
Change (1 year)
-23.98%
Country
CN
Trade CITIC Heavy Industries Co., Ltd. (601608)
Category
Industrials
P/E ratio for CITIC Heavy Industries Co., Ltd. (601608)
P/E ratio as of October 2026 TTM: 53.42
According to CITIC Heavy Industries Co., Ltd. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 53.42. At the end of 2023 the company had a P/E ratio of 43.67.
P/E ratio history for CITIC Heavy Industries Co., Ltd. from 2009 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | 53.42 | 6.84% |
| 2024 | 50.00 | 14.51% |
| 2023 | 43.67 | -58.03% |
| 2022 | 104.03 | 21.81% |
| 2021 | 85.41 | -3.02% |
| 2020 | 88.07 | -36.23% |
| 2019 | 138.09 | 6.23% |
| 2018 | 130.00 | -68.67% |
| 2017 | 415.00 | -2,837.07% |
| 2016 | -15.16 | -104.43% |
| 2015 | 342.50 | 946.65% |
| 2014 | 32.72 | 77.77% |
| 2013 | 18.41 | 69.27% |
| 2012 | 10.88 | -9.09% |
| 2011 | 11.96 | -22.50% |
| 2010 | 15.44 | -35.48% |
| 2009 | 23.93 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| - | - |
US
|
|
| 26.81 | -49.82% |
DE
|
|
| - | - |
FR
|
|
| - | - |
DE
|
|
| 33.09 | -38.06% |
US
|
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.