Tianqi Lithium Industries (SZSE:002466) Forward PE Ratio

: 7.30 (As of Today)

View and export this data going back to 2010. Start your Free Trial

Tianqi Lithium Industries's Forward PE Ratio for today is 7.30.

Tianqi Lithium Industries's PE Ratio without NRI for today is 8.59.

Tianqi Lithium Industries's PE Ratio for today is 9.13.

Tianqi Lithium Industries Forward PE Ratio Historical Data

The historical data trend for Tianqi Lithium Industries'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.

* Premium members only.

Tianqi Lithium Industries Annual Data

Trend

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

23.20

10.82

16.56

138.89

78.74

13.09

10.02

8.57

Tianqi Lithium Industries Quarterly Data
	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	23.20	26.25	20.75	11.81	10.82	12.95	9.31	7.86	16.56	44.64	121.95	138.89	97.09	222.22	102.04	78.74	63.69	16.64	13.09	12.52	11.59	10.30	10.02	8.40

Competitive Comparison

For the Specialty Chemicals subindustry, Tianqi Lithium Industries'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.

Tianqi Lithium Industries Forward PE Ratio Distribution

For the Chemicals industry and Basic Materials sector, Tianqi Lithium Industries's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium Industries's Forward PE Ratio falls into.

Tianqi Lithium Industries 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.

Tianqi Lithium Industries (SZSE:002466) 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 .

Tianqi Lithium Industries Forward PE Ratio Related Terms

Thank you for viewing the detailed overview of Tianqi Lithium Industries's Forward PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Tianqi Lithium Industries (SZSE:002466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianqi Lithium Industries Inc (SZSE:002466) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province, Chengdu, CHN, 629200

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium Industries (SZSE:002466) Headlines

No Headlines