Zhejiang Zheneng Electric Power600023.SHValuation Analysis
Based on the blended 10-year P/E and P/B percentiles, the stock currently sits in the “Fair Value Range” zone.
As of Oct 19, 2026, Zhejiang Zheneng Electric Power (600023.SH) trades at a P/E of 13.10x, P/B of 0.98x, P/S of 1.11x, and a dividend yield of 6.11%.
Longitudinal percentile comparison: P/E sits at the 62nd percentile over the trailing 10Y window (vs. 92nd percentile over 3Y); P/B sits at the 57th percentile over the trailing 10Y window (vs. 54th percentile over 3Y); P/S sits at the 67th percentile over the trailing 10Y window (vs. 84th percentile over 3Y).
Cross-sectional valuation: its P/E ranks at the 21st percentile within its industry and the 10th percentile across the broader market.
Shareholder return highlight: Total Shareholder Yield is 6.11%, ranking at the 90th percentile over the trailing 20Y window.
The P/E and P/B long-window percentiles differ by only 4.5 points, pointing to a consistent valuation read across both metrics. Relative to the broader market, its P/E shows a deeper discount than it does against industry peers. Shareholder returns here are driven almost entirely by cash dividends, with minimal contribution from buybacks. Zhejiang Zheneng Electric Power operates in the Electricity and Public Utilities sector. Data refreshes weekly and is for reference only, not investment advice.
Also listed as: SHA: 600023 · SSE: 600023 · 600023
Want the full picture on whether Zhejiang Zheneng Electric Power (600023.SH) is under- or over-valued? See the full 3Y / 5Y / 10Y / 20Y P/E, P/B, P/S, Dividend Yield & Total Shareholder Yield percentile matrix and the interactive ECharts trend chart on this page.
Historical Percentiles by Metric
| Metric | Current | Market Percentile | Industry Percentile | 3Y Pctl | 5Y Pctl | 10Y Pctl | 20Y Pctl |
|---|---|---|---|---|---|---|---|
| P/E (TTM) | 13.10 | ||||||
| P/B (MRQ) | 0.98 | ||||||
| P/S (TTM) | 1.11 | ||||||
| Dividend Yield | 6.11% | ||||||
| Buyback + Div Yield | 6.11% |