P/E ratio for Al Ramz Corporation Investment and Development (ALRAMZ.AE)
P/E ratio as of May 2024 (TTM): 32.4
According to Al Ramz Corporation Investment and Development's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.3508. At the end of 2021 the company had a P/E ratio of 12.4.
P/E ratio history for Al Ramz Corporation Investment and Development from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.4 | -141.97% |
| 2020 | -29.5 | -132.73% |
| 2019 | 90.1 | -45.91% |
| 2018 | 167 | 1150% |
| 2017 | 13.3 | 7.53% |
| 2016 | 12.4 | 26.96% |
| 2015 | 9.77 | -69.89% |
| 2014 | 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.