P/E ratio for Al Khaleej Takaful Insurance Company (AKHI.QA)
P/E ratio as of May 2024 (TTM): 9.75
According to Al Khaleej Takaful Insurance Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.74939. At the end of 2022 the company had a P/E ratio of 10.4.
P/E ratio history for Al Khaleej Takaful Insurance Company from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.4 | -54.59% |
| 2021 | 22.9 | -281.98% |
| 2020 | -12.6 | -165.38% |
| 2019 | 19.3 | 79.28% |
| 2018 | 10.8 | -99.19% |
| 2017 | > 1000 | 3162.94% |
| 2016 | 40.6 | 127.66% |
| 2015 | 17.8 | 19.77% |
| 2014 | 14.9 | 50.82% |
| 2013 | 9.87 | 24.36% |
| 2012 | 7.93 | -21.63% |
| 2011 | 10.1 | 5.99% |
| 2010 | 9.55 |
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.