P/E ratio for Almarai (2280.SR)
P/E ratio as of May 2024 (TTM): 27.2
According to Almarai's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.1554. At the end of 2022 the company had a P/E ratio of 29.9.
P/E ratio history for Almarai from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 29.9 | -2.52% |
| 2021 | 30.7 | 12.81% |
| 2020 | 27.2 | 0.48% |
| 2019 | 27.0 | 11.58% |
| 2018 | 24.2 | -4.02% |
| 2017 | 25.3 | -3.21% |
| 2016 | 26.1 | 4.17% |
| 2015 | 25.0 | -11.51% |
| 2014 | 28.3 | 35.34% |
| 2013 | 20.9 | 19.4% |
| 2012 | 17.5 |
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.