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People's Insurance Company Group of China Stock

People's Insurance Company Group of China P/E 2024

People's Insurance Company Group of China P/E

9.06

Ticker

601319.SS

ISIN

CNE100003F27

As of Nov 4, 2024, People's Insurance Company Group of China's P/E ratio was 9.06, a -23.54% change from the 11.85 P/E ratio recorded in the previous year.

The People's Insurance Company Group of China P/E history

People's Insurance Company Group of China Aktienanalyse

What does People's Insurance Company Group of China do?

The People's Insurance Company Group of China Ltd (PICC) is a Chinese insurance company based in Beijing. It was founded in 1949 and has been listed on the Hong Kong Stock Exchange since 2012. The PICC is one of the largest insurance companies in China and offers a wide range of insurance products, including car insurance, health insurance, life insurance, and liability insurance. The company also operates reinsurance businesses. The PICC's business model is focused on the Chinese market and is based on a strong capital base and a diverse customer base, consisting of households, small and medium-sized enterprises, and large government institutions. The PICC operates various divisions, including the property insurance division, life insurance division, health insurance division, and accident insurance division. Each of these divisions is tailored to meet the specific needs of customers. The PICC's property insurance division offers a wide range of products, including car insurance, building insurance, liability insurance, and legal protection insurance. The company has also developed a special division for farmers that offers agricultural insurance. The PICC's life insurance division offers products such as pension insurance, accident insurance, and health insurance. The company has also developed an asset management division that supports customers in planning and managing their assets. The PICC's health insurance division offers a wide range of products, from standard health insurance to specialized products for chronic illnesses and long-term care. The company has also developed a special division for foreign customers living or working in China. The PICC's accident insurance division offers products that protect against the financial consequences of accidents, such as disability insurance and invalidity insurance. Overall, the PICC has become one of the largest and fastest-growing insurance companies in China. The company has a strong presence domestically and is also expanding internationally. With a wide range of products and a diverse customer base, the PICC will continue to play an important role in the Chinese insurance market. People's Insurance Company Group of China ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering People's Insurance Company Group of China's P/E Ratio

The Price to Earnings (P/E) Ratio of People's Insurance Company Group of China is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing People's Insurance Company Group of China's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of People's Insurance Company Group of China is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in People's Insurance Company Group of China’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about People's Insurance Company Group of China stock

What is the price-to-earnings ratio of People's Insurance Company Group of China?

The price-earnings ratio of People's Insurance Company Group of China is currently 9.06.

How has the price-earnings ratio of People's Insurance Company Group of China changed compared to last year?

The price-to-earnings ratio of People's Insurance Company Group of China has increased by -23.54% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of People's Insurance Company Group of China high compared to other companies?

Yes, the price-to-earnings ratio of People's Insurance Company Group of China is high compared to other companies.

How does an increase in the price-earnings ratio of People's Insurance Company Group of China affect the company?

An increase in the price-earnings ratio of People's Insurance Company Group of China would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of People's Insurance Company Group of China affect the company?

A decrease in the price-earnings ratio of People's Insurance Company Group of China would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of People's Insurance Company Group of China?

Some factors that influence the price-earnings ratio of People's Insurance Company Group of China are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does People's Insurance Company Group of China pay?

Over the past 12 months, People's Insurance Company Group of China paid a dividend of 0.17 CNY . This corresponds to a dividend yield of about 2.32 %. For the coming 12 months, People's Insurance Company Group of China is expected to pay a dividend of 0.18 CNY.

What is the dividend yield of People's Insurance Company Group of China?

The current dividend yield of People's Insurance Company Group of China is 2.32 %.

When does People's Insurance Company Group of China pay dividends?

People's Insurance Company Group of China pays a quarterly dividend. This is distributed in the months of January, August, August, September.

How secure is the dividend of People's Insurance Company Group of China?

People's Insurance Company Group of China paid dividends every year for the past 10 years.

What is the dividend of People's Insurance Company Group of China?

For the upcoming 12 months, dividends amounting to 0.18 CNY are expected. This corresponds to a dividend yield of 2.51 %.

In which sector is People's Insurance Company Group of China located?

People's Insurance Company Group of China is assigned to the 'Finance' sector.

Wann musste ich die Aktien von People's Insurance Company Group of China kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of People's Insurance Company Group of China from 8/9/2024 amounting to 0.156 CNY, you needed to have the stock in your portfolio before the ex-date on 8/9/2024.

When did People's Insurance Company Group of China pay the last dividend?

The last dividend was paid out on 8/9/2024.

What was the dividend of People's Insurance Company Group of China in the year 2023?

In the year 2023, People's Insurance Company Group of China distributed 0.147 CNY as dividends.

In which currency does People's Insurance Company Group of China pay out the dividend?

The dividends of People's Insurance Company Group of China are distributed in CNY.

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Andere Kennzahlen von People's Insurance Company Group of China

Our stock analysis for People's Insurance Company Group of China Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of People's Insurance Company Group of China Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.