China Petroleum & Chemical (BSP:C1HI34) Forward PE Ratio

: 8.98 (As of Today)

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China Petroleum & Chemical's Forward PE Ratio for today is 8.98.

China Petroleum & Chemical's PE Ratio without NRI for today is 7.42.

China Petroleum & Chemical's PE Ratio for today is 7.91.

China Petroleum & Chemical Forward PE Ratio Historical Data

The historical data trend for China Petroleum & Chemical'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 Petroleum & Chemical Annual Data

Trend

2020-12

2021-12

2022-08

Forward PE Ratio

1,000.00

526.32

555.56

China Petroleum & Chemical Quarterly Data
	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03
Forward PE Ratio	1,000.00	1,000.00	769.23	555.56	526.32	500.00

Competitive Comparison

For the Oil & Gas Integrated subindustry, China Petroleum & Chemical'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 Petroleum & Chemical Forward PE Ratio Distribution

For the Oil & Gas industry and Energy sector, China Petroleum & Chemical's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where China Petroleum & Chemical's Forward PE Ratio falls into.

China Petroleum & Chemical 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 Petroleum & Chemical (BSP:C1HI34) 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 Petroleum & Chemical Forward PE Ratio Related Terms

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China Petroleum & Chemical (BSP:C1HI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum & Chemical Corp (BSP:C1HI34) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

SNPMF:USA 00386:Hong Kong CHU:Germany 600028:China

Address

No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, CHN, 100728

Website

http://www.sinopec.com

China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in terms of revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a state-owned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than peers PetroChina and CNOOC. In 2022, Sinopec's production of oil and gas equivalent was 488.99 million barrels. The firm also processed 242 million metric tons of crude oil.

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