Caixin OnlineFinance & EconomicsTop Stories Finance P/E Ratio for IPOs Drops to Three-Year Low
08.02.2012 16:14

P/E Ratio for IPOs Drops to Three-Year Low

At 26.06, the price-earnings figure for new Chinese stocks is lowest since 2009
By staff reporter Zhang Huanping

(Beijing) – Twenty initial public offerings were launched on Chinese stock markets in July, but their average price-earnings ratio was 26.02, the lowest level since June 2009 when IPO activities resumed after a suspension.

The lowest P/E ratio this year was 12.94 by Jiangmen Kanhoo Industry Co., which launched on the growth enterprises market of the Shenzhen Stock Exchange on July 26.

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