P/E ratio for Aldrees Petroleum and Transport Services (4200.SR)
P/E ratio as of May 2024 (TTM): 47.2
According to Aldrees Petroleum and Transport Services's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 47.2321. At the end of 2022 the company had a P/E ratio of 23.0.
P/E ratio history for Aldrees Petroleum and Transport Services from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.0 | -18.7% |
| 2021 | 28.3 | -13.43% |
| 2020 | 32.7 | 152.22% |
| 2019 | 13.0 | -61.28% |
| 2018 | 33.5 | 61.47% |
| 2017 | 20.7 | 16.22% |
| 2016 | 17.8 | 47.66% |
| 2015 | 12.1 | -28.88% |
| 2014 | 17.0 | |
| 2012 | 10.9 | -7.04% |
| 2011 | 11.8 |
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.