Tsingtao Brewery Co Ltd
SSE:600600
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P/E
Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.
Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.
Valuation Scenarios
If P/E returns to its 3-Year Average (22.8), the stock would be worth ¥76.56 (21% upside from current price).
| Scenario | P/E Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 18.9 | ¥63.41 |
0%
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| 3-Year Average | 22.8 | ¥76.56 |
+21%
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| 5-Year Average | 27.2 | ¥91.63 |
+44%
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| Industry Average | 21.8 | ¥73.48 |
+16%
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| Country Average | 29.6 | ¥99.64 |
+57%
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Forward P/E
Today’s price vs future net income
| Today's Market Cap | Net Income | Forward P/E | ||
|---|---|---|---|---|
|
¥84.5B
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/ |
Jan 2026
¥4.6B
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= |
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¥84.5B
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/ |
Dec 2026
¥4.9B
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= |
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¥84.5B
|
/ |
Dec 2027
¥5.2B
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= |
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¥84.5B
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/ |
Dec 2028
¥5.2B
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= |
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¥84.5B
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/ |
Dec 2029
¥4.8B
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= |
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¥84.5B
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/ |
Dec 2030
¥5B
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= |
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Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.
Peer Comparison
| Market Cap | P/E | ||||
|---|---|---|---|---|---|
| CN |
|
Tsingtao Brewery Co Ltd
SSE:600600
|
86.5B CNY | 18.9 | |
| BE |
|
Anheuser Busch Inbev SA
XETRA:1NBA
|
125.7B EUR | 21.5 | |
| BE |
|
Anheuser-Busch Inbev SA
MIL:ABI
|
114B EUR | 28 | |
| BR |
|
Ambev SA
BOVESPA:ABEV3
|
223.8B BRL | 14.6 | |
| NL |
|
Heineken NV
AEX:HEIA
|
37.1B EUR | 19.6 | |
| NL |
|
Heineken Holding NV
AEX:HEIO
|
16.8B EUR | 17.6 | |
| DK |
|
Carlsberg A/S
CSE:CARL B
|
110.5B DKK | 19.2 | |
| JP |
|
Asahi Group Holdings Ltd
TSE:2502
|
2.3T JPY | 15 | |
| HK |
|
Budweiser Brewing Company APAC Ltd
HKEX:1876
|
101.6B HKD | 26.5 | |
| JP |
|
Kirin Holdings Co Ltd
TSE:2503
|
2T JPY | 13.6 | |
| HK |
|
China Resources Beer Holdings Co Ltd
HKEX:291
|
87.1B HKD | 22.8 |
Market Distribution
| Min | 0 |
| 30th Percentile | 17.1 |
| Median | 29.6 |
| 70th Percentile | 57.7 |
| Max | 43 569.3 |
Other Multiples
Tsingtao Brewery Co Ltd
Glance View
Tsingtao Brewery Co Ltd, founded in 1903 by German settlers in Qingdao, is a stalwart in China's beer industry and a prime example of blending heritage with modernity. As one of China's oldest breweries, Tsingtao has leveraged its historical roots and cultural significance to establish itself as a global brand. Combining traditional brewing techniques with state-of-the-art technology, Tsingtao has been able to produce a distinctive beer characterized by its crisp flavor and subtle hops aroma, appealing to both domestic and international palates. The company’s prominence is bolstered by its extensive distribution network, which spans over 100 countries, making it a pillar in the global beer market. Central to Tsingtao’s success is its diversified revenue model, derived primarily from the production and sale of beer and related products. By maintaining a broad range of offerings—from its flagship Tsingtao Beer and premium products to various local labels—Tsingtao can effectively cater to different segments of the market. The company's strategic focus on innovation in brewing, supported by its robust supply chain management, enables it to adapt to changing consumer preferences while ensuring efficiency in operations. Additionally, Tsingtao invests in substantial marketing efforts and brand collaborations, enhancing its visibility and consumer engagement across various platforms, which in turn sustains its strong market position and drives profitability.