P/E ratio for Abdulmohsen Al-Hokair Group for Tourism and Development Company (1820.SR)
P/E ratio as of June 2024 (TTM): -43.7
According to Abdulmohsen Al-Hokair Group for Tourism and Development Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -43.6748. At the end of 2023 the company had a P/E ratio of -8.43.
P/E ratio history for Abdulmohsen Al-Hokair Group for Tourism and Development Company from 2016 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -8.43 | 21.07% |
| 2022 | -6.96 | 31.98% |
| 2021 | -5.27 | -10.86% |
| 2020 | -5.92 | -2.13% |
| 2019 | -6.05 | -51.77% |
| 2018 | -12.5 | -108.19% |
| 2017 | 153 | 804.63% |
| 2016 | 16.9 | -12.72% |
| 2015 | 19.4 |
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.