P/E ratio for Al Jouf Cement Company (3091.SR)
P/E ratio as of May 2024 (TTM): 15.6
According to Al Jouf Cement Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.6116. At the end of 2022 the company had a P/E ratio of 39.6.
P/E ratio history for Al Jouf Cement Company from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 39.6 | -335.38% |
| 2021 | -16.8 | 3.57% |
| 2020 | -16.3 | -105.12% |
| 2019 | 317 | -1969.04% |
| 2018 | -17.0 | -147.44% |
| 2017 | 35.8 | 136.62% |
| 2016 | 15.1 | -16.21% |
| 2015 | 18.1 | -42.29% |
| 2014 | 31.3 | -24.94% |
| 2013 | 41.7 | -92.35% |
| 2012 | 545 | 2225.34% |
| 2011 | 23.4 |
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.