P/E ratio for Al Rajhi Bank (1120.SR)
P/E ratio as of April 2024 (TTM): 20.0
According to Al Rajhi Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.9616. At the end of 2022 the company had a P/E ratio of 17.8.
P/E ratio history for Al Rajhi Bank from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.8 | -25.66% |
| 2021 | 24.0 | 37.99% |
| 2020 | 17.4 | 8.02% |
| 2019 | 16.1 | -56.23% |
| 2018 | 36.8 | 219.58% |
| 2017 | 11.5 | -8.25% |
| 2016 | 12.5 | 5.53% |
| 2015 | 11.9 | -2.31% |
| 2014 | 12.2 | -17.18% |
| 2013 | 14.7 | 19.17% |
| 2012 | 12.3 |
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.