P/E ratio for Aljazira Takaful Taawuni Company (8012.SR)
P/E ratio as of June 2024 (TTM): 22.0
According to Aljazira Takaful Taawuni Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.9926. At the end of 2023 the company had a P/E ratio of 25.7.
P/E ratio history for Aljazira Takaful Taawuni Company from 2014 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 25.7 | 21.66% |
| 2022 | 21.1 | -57.05% |
| 2021 | 49.2 | 109.4% |
| 2020 | 23.5 | 37.8% |
| 2019 | 17.1 | -14.87% |
| 2018 | 20.0 | -34% |
| 2017 | 30.4 | -27.03% |
| 2016 | 41.6 | -37.55% |
| 2015 | 66.6 |
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.