Red Avenue New Materials Group Co., Ltd.

Red Avenue New Materials Group Co., Ltd.verified

603650.SS

Price:

$31.51

Market Cap:

$18.78B

Red Avenue New Materials Group Co., Ltd. manufactures and sells chemical materials in China and internationally. The company offers tackifying resins, phenol-formaldehyde reinforcing products, adhesion promoter resins, bonding agents, curing resins, and additives. It also distributes various chemical products. The company was founded in 1999 and is based in Shanghai, China.

Industry

Chemicals - Specialty

IPO Date

2018-07-10

Stock Exchange

SHH

Ticker

603650.SS

The PE Ratio as of May 2025 (TTM) for Red Avenue New Materials Group Co., Ltd. (603650.SS) is 35.40

According to Red Avenue New Materials Group Co., Ltd.’s latest financial reports and current stock price. The company's current PE Ratio is 35.40. This represents a change of -11.82% compared to the average of 40.14 of the last 4 quarters.

Red Avenue New Materials Group Co., Ltd. (603650.SS) Historical PE Ratio (quarterly & annually)

How has 603650.SS PE Ratio performed in the past?

The mean historical PE Ratio of Red Avenue New Materials Group Co., Ltd. over the last ten years is 52.41. The current 35.40 PE Ratio has changed 6.65% with respect to the historical average. Over the past ten years (40 quarters), 603650.SS's PE Ratio was at its highest in in the December 2019 quarter at 1.13K. The PE Ratio was at its lowest in in the March 2018 quarter at 21.12.

Quarterly (TTM)
Annual

Average

52.41

Median

42.29

Minimum

26.65

Maximum

116.99

Red Avenue New Materials Group Co., Ltd. (603650.SS) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Red Avenue New Materials Group Co., Ltd. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 106.74%

Maximum Annual PE Ratio = 116.99

Minimum Annual Increase = -70.84%

Minimum Annual PE Ratio = 26.65

Quarterly (TTM)
Annual
YearPE RatioChange
202440.34-16.63%
202348.38-21.24%
202261.43-32.86%
202191.49106.74%
202044.2543.32%
201930.8815.87%
201826.65-9.87%
201729.57-13.33%
201634.12-70.84%
2015116.9988.31%

Red Avenue New Materials Group Co., Ltd. (603650.SS) Average PE Ratio

How has 603650.SS PE Ratio performed in the past?

The current PE Ratio of Red Avenue New Materials Group Co., Ltd. (603650.SS) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

50.05

5-year avg

57.18

10-year avg

52.41

Red Avenue New Materials Group Co., Ltd. (603650.SS) PE Ratio vs. Peers

How is 603650.SS’s PE Ratio compared to its peers?

Red Avenue New Materials Group Co., Ltd.’s PE Ratio is less than Hoshine Silicon Industry Co., Ltd. (41.08), greater than Toly Bread Co.,Ltd. (17.80), less than SKSHU Paint Co.,Ltd. (63.45), greater than Sichuan Teway Food Group Co.,Ltd (21.53), greater than Anhui Yingjia Distillery Co., Ltd. (14.11),

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