What is the price-to-earnings ratio of Tongling Jingda Special Magnet Wire Co?
The price-earnings ratio of Tongling Jingda Special Magnet Wire Co is currently 17.8.
Tongling Jingda Special Magnet Wire Co P/E 2024
Tongling Jingda Special Magnet Wire Co P/E
17.8
Ticker
600577.SS
ISIN
CNE000001CG7
As of Jul 21, 2024, Tongling Jingda Special Magnet Wire Co's P/E ratio was 17.8, a -19.49% change from the 22.11 P/E ratio recorded in the previous year.
The Tongling Jingda Special Magnet Wire Co P/E history
Tongling Jingda Special Magnet Wire Co Aktienanalyse
What does Tongling Jingda Special Magnet Wire Co do?
Tongling Jingda Special Magnet Wire Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/E Details
Deciphering Tongling Jingda Special Magnet Wire Co's P/E Ratio
The Price to Earnings (P/E) Ratio of Tongling Jingda Special Magnet Wire Co 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 Tongling Jingda Special Magnet Wire Co'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 Tongling Jingda Special Magnet Wire Co 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 Tongling Jingda Special Magnet Wire Co’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 Tongling Jingda Special Magnet Wire Co stock
How has the price-earnings ratio of Tongling Jingda Special Magnet Wire Co changed compared to last year?
The price-to-earnings ratio of Tongling Jingda Special Magnet Wire Co has increased by -19.49% 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 Tongling Jingda Special Magnet Wire Co high compared to other companies?
Yes, the price-to-earnings ratio of Tongling Jingda Special Magnet Wire Co is high compared to other companies.
How does an increase in the price-earnings ratio of Tongling Jingda Special Magnet Wire Co affect the company?
An increase in the price-earnings ratio of Tongling Jingda Special Magnet Wire Co 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 Tongling Jingda Special Magnet Wire Co affect the company?
A decrease in the price-earnings ratio of Tongling Jingda Special Magnet Wire Co 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 Tongling Jingda Special Magnet Wire Co?
Some factors that influence the price-earnings ratio of Tongling Jingda Special Magnet Wire Co are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does Tongling Jingda Special Magnet Wire Co pay?
Over the past 12 months, Tongling Jingda Special Magnet Wire Co paid a dividend of 0.12 CNY . This corresponds to a dividend yield of about 3.22 %. For the coming 12 months, Tongling Jingda Special Magnet Wire Co is expected to pay a dividend of 0.13 CNY.
What is the dividend yield of Tongling Jingda Special Magnet Wire Co?
The current dividend yield of Tongling Jingda Special Magnet Wire Co is 3.22 %.
When does Tongling Jingda Special Magnet Wire Co pay dividends?
Tongling Jingda Special Magnet Wire Co pays a quarterly dividend. This is distributed in the months of May, June, June, May.
How secure is the dividend of Tongling Jingda Special Magnet Wire Co?
Tongling Jingda Special Magnet Wire Co paid dividends every year for the past 15 years.
What is the dividend of Tongling Jingda Special Magnet Wire Co?
For the upcoming 12 months, dividends amounting to 0.13 CNY are expected. This corresponds to a dividend yield of 3.41 %.
In which sector is Tongling Jingda Special Magnet Wire Co located?
Tongling Jingda Special Magnet Wire Co is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Tongling Jingda Special Magnet Wire Co kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Tongling Jingda Special Magnet Wire Co from 4/26/2024 amounting to 0.13 CNY, you needed to have the stock in your portfolio before the ex-date on 4/26/2024.
When did Tongling Jingda Special Magnet Wire Co pay the last dividend?
The last dividend was paid out on 4/26/2024.
What was the dividend of Tongling Jingda Special Magnet Wire Co in the year 2023?
In the year 2023, Tongling Jingda Special Magnet Wire Co distributed 0.03 CNY as dividends.
In which currency does Tongling Jingda Special Magnet Wire Co pay out the dividend?
The dividends of Tongling Jingda Special Magnet Wire Co are distributed in CNY.
Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.
Andere Kennzahlen von Tongling Jingda Special Magnet Wire Co
Our stock analysis for Tongling Jingda Special Magnet Wire Co 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 Tongling Jingda Special Magnet Wire Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
- Tongling Jingda Special Magnet Wire Co Revenue
- Tongling Jingda Special Magnet Wire Co Net Income
- Tongling Jingda Special Magnet Wire Co P/E
- Tongling Jingda Special Magnet Wire Co P/S
- Tongling Jingda Special Magnet Wire Co EBIT
- Tongling Jingda Special Magnet Wire Co Dividend
- Tongling Jingda Special Magnet Wire Co Stocks
- Tongling Jingda Special Magnet Wire Co Market capitalization
- Tongling Jingda Special Magnet Wire Co Debt
- Tongling Jingda Special Magnet Wire Co Liabilities
- Tongling Jingda Special Magnet Wire Co Equity
- Tongling Jingda Special Magnet Wire Co AAQS
- Tongling Jingda Special Magnet Wire Co Employees
- Tongling Jingda Special Magnet Wire Co ROE
- Tongling Jingda Special Magnet Wire Co ROA
- Tongling Jingda Special Magnet Wire Co ROCE