According to Al Gassim Investment Holding's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -492.604. At the end of 2022 the company had a P/E ratio of 80.1.
Year | P/E ratio | Change |
---|---|---|
2022 | 80.1 | -87.81% |
2021 | 657 | -682.31% |
2020 | -113 | 400.94% |
2019 | -22.5 | -46.68% |
2018 | -42.3 | -136.76% |
2017 | 115 | 1315.76% |
2016 | 8.12 | -98.82% |
2015 | 688 | -1840.51% |
2014 | -39.5 | -45.59% |
2013 | -72.6 | -22.21% |
2012 | -93.3 |
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.