P/E ratio for Walaa Cooperative Insurance Company (8060.SR)
P/E ratio as of June 2024 (TTM): 18.2
According to Walaa Cooperative Insurance Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.1945. At the end of 2022 the company had a P/E ratio of -36.2.
P/E ratio history for Walaa Cooperative Insurance Company from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -36.2 | 259.98% |
| 2021 | -10.0 | -137.03% |
| 2020 | 27.1 | -35.42% |
| 2019 | 42.0 | 278.35% |
| 2018 | 11.1 | 24.04% |
| 2017 | 8.95 | 9.26% |
| 2016 | 8.19 | -224.22% |
| 2015 | -6.59 | -107.16% |
| 2014 | 92.1 | 313.57% |
| 2013 | 22.3 | -31.79% |
| 2012 | 32.7 | -60.15% |
| 2011 | 82.0 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.