P/E ratio for Alinma Bank (1150.SR)
P/E ratio as of April 2024 (TTM): 15.6
According to Alinma Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.5749. At the end of 2022 the company had a P/E ratio of 18.8.
P/E ratio history for Alinma Bank from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.8 | 3.03% |
| 2021 | 18.3 | 13.04% |
| 2020 | 16.2 | 9.14% |
| 2019 | 14.8 | 25.15% |
| 2018 | 11.8 | -16.54% |
| 2017 | 14.2 | -5.7% |
| 2016 | 15.1 | -0.14% |
| 2015 | 15.1 | -36.89% |
| 2014 | 23.9 | 8.99% |
| 2013 | 21.9 | -16.45% |
| 2012 | 26.2 |
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.