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China Petroleum Engineering Co has a current ratio of 1.36. It generally indicates good short-term financial strength.
The historical rank and industry rank for China Petroleum Engineering Co's Current Ratio or its related term are showing as below:
SHSE:600339'
s Current Ratio Range Over the Past 10 Years
Min: 0.16 Med: 1.25 Max: 1.42
Current: 1.36
During the past 13 years, China Petroleum Engineering Co's highest Current Ratio was 1.42. The lowest was 0.16. And the median was 1.25.
SHSE:600339's Current Ratio is ranked better than 50.59% of 1012
companies
in the Oil & Gas industry
Industry Median: 1.35
vs SHSE:600339: 1.36
China Petroleum Engineering Co (SHSE:600339) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
China Petroleum Engineering Co Current Ratio Related Terms
China Petroleum Engineering Co Current Ratio Historical Data
* 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.
China Petroleum Engineering Co Current Ratio Chart
SHSE:600339 vs SLB, BKR, HAL: Current Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, China Petroleum Engineering Co's Current Ratio, along with its competitors' market caps and Current 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 Petroleum Engineering Co Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, China Petroleum Engineering Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where China Petroleum Engineering Co's Current Ratio falls into.
* 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.
China Petroleum Engineering Co (SHSE:600339) has a Current Ratio of 1.36 as of Mar. 2026. This is near median its historical median of 1.25. Over the past decade, China Petroleum Engineering Co's Current Ratio has ranged from 0.16 to 1.42. According to the industry distribution chart, China Petroleum Engineering Co ranks #500 out of 1012 companies in the Oil & Gas industry, placing it in the top 49.4%.
Is China Petroleum Engineering Co's Current Ratio too high?
China Petroleum Engineering Co's current Current Ratio of 1.36 is near median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.42. The Oil & Gas industry median Current Ratio is 1.35. China Petroleum Engineering Co's value of 1.36 is 0.7% above this industry median. Based on the distribution chart, China Petroleum Engineering Co ranks #500 out of 1012 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, China Petroleum Engineering Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Petroleum Engineering Co's Current Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, China Petroleum Engineering Co ranks #500 out of 1012 companies for Current Ratio. This puts China Petroleum Engineering Co in the upper half of its industry. The industry median Current Ratio is 1.35. China Petroleum Engineering Co's value of 1.36 is 0.7% above this benchmark. Historically, China Petroleum Engineering Co's own Current Ratio has ranged from 0.16 to 1.42 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.35, China Petroleum Engineering Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Oil & Gas company?
The median Current Ratio among Oil & Gas companies is 1.35, based on 1,012 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Petroleum Engineering Co's current Current Ratio of 1.36 is 0.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Current Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Petroleum Engineering Co's current Current Ratio is 1.36, which is near median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Petroleum Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, China Petroleum Engineering Co (SHSE:600339) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.00, compared to a current price of ¥3.30 — trading 17.5% below its estimated fair value. The current Current Ratio is 1.36, which is near median its 10-year median of 1.25 and 0.7% above the Oil & Gas industry median of 1.35. China Petroleum Engineering Co's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For China Petroleum Engineering Co (SHSE:600339), the current Current Ratio is 1.36 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is China Petroleum Engineering Co (SHSE:600339) Overvalued in 2026?
Based on GuruFocus' analysis, China Petroleum Engineering Co stock appears to be undervalued.
The current stock price of ¥3.30 is trading 17.5% below its estimated GF Value™ of ¥4.00.
GuruFocus considers China Petroleum Engineering Co to be Modestly Undervalued.
Key valuation signals for SHSE:600339:
Current Ratio: 1.36 (near median its 10-year median of 1.25)
GF Value™: ¥4.00 vs. price of ¥3.30 (17.5% below fair value)
Industry Position: 0.7% above the Oil & Gas median (#500 of 1012)
No single metric tells the full story. See the SHSE:600339 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Petroleum Engineering Co Business Description
China Petroleum Engineering Co Ltd provides surface facilities to petroleum upstream industry. The company's services include planning through front end engineering design to engineering, procurement, construction and project management consultancy for surface facilities, pipelines, buildings, water treatment facilities, highways, and infrastructure. The firm operates projects in China as well as in the overseas markets such as the Middle East, Central Asia, North Africa, America, Australia, and Europe.
80GF Score
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