China Longyuan Power Group (China Longyuan Power Group) Forward PE Ratio : 16.18 (As of Apr. 26, 2024)

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What is China Longyuan Power Group Forward PE Ratio?

China Longyuan Power Group's Forward PE Ratio for today is 16.18.

China Longyuan Power Group's PE Ratio without NRI for today is 5.62.

China Longyuan Power Group's PE Ratio for today is 7.09.

China Longyuan Power Group Forward PE Ratio Historical Data

The historical data trend for China Longyuan Power Group's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Longyuan Power Group Forward PE Ratio Chart

China Longyuan Power Group Annual Data

Trend

2018-12

2019-09

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

6.57

6.27

7.43

17.61

7.94

4.91

4.80

China Longyuan Power Group Quarterly Data
	2018-03	2018-09	2018-12	2019-03	2020-06	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	6.83	7.61	6.57	6.96	5.71	7.43	13.02	16.50	18.32	17.61	13.85	13.83	8.14	7.94	8.10	8.52	5.91	4.91	4.75

Competitive Comparison of China Longyuan Power Group's Forward PE Ratio

For the Utilities - Renewable subindustry, China Longyuan Power Group's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Longyuan Power Group's Forward PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Longyuan Power Group's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where China Longyuan Power Group's Forward PE Ratio falls into.

China Longyuan Power Group Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

China Longyuan Power Group (OTCPK:CLPXY) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

China Longyuan Power Group Forward PE Ratio Related Terms

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China Longyuan Power Group (China Longyuan Power Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Longyuan Power Group Corp Ltd (OTCPK:CLPXY) » Definitions » Forward PE Ratio

Traded in Other Exchanges

CLPXF:USA 00916:Hong Kong 6WX:Germany 001289:China

Address

6 Fuchengmen North Street, Room 2006, 20th Floor, Block C, Xicheng District, Beijing, CHN

Website

http://www.clypg.com.cn

Longyuan is China's largest wind farm operator, with consolidated installed wind capacity of 26.2 gigawatts as of end-2022, representing about 7% of nationwide wind capacity. It has more than 400 wind farms spread across China, and has also expanded into other countries such as Canada and South Africa. Longyuan owns two coal-fired power plants in Jiangsu and operates other renewable assets such as solar, geothermal, and tidal energy on a limited scale. The consolidated installed capacity mix is about 84% wind, 6% thermal, and the remainder in other renewables. China Energy Investment, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of about 58.6%.

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