P/E ratio for Al Rajhi Company for Cooperative Insurance (8230.SR)
P/E ratio as of May 2024 (TTM): 51.9
According to Al Rajhi Company for Cooperative Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 51.8947. At the end of 2022 the company had a P/E ratio of 40.2.
P/E ratio history for Al Rajhi Company for Cooperative Insurance from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 40.2 | 27.21% |
| 2021 | 31.6 | 119.59% |
| 2020 | 14.4 | -51.38% |
| 2019 | 29.6 | 85% |
| 2018 | 16.0 | 23.65% |
| 2017 | 12.9 | -16.7% |
| 2016 | 15.5 | -28.88% |
| 2015 | 21.8 | |
| 2012 | < -1000 | 5734.39% |
| 2011 | -32.4 |
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.