P/E ratio for Arab National Bank (1080.SR)
P/E ratio as of May 2024 (TTM): 11.7
According to Arab National Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.6804. At the end of 2022 the company had a P/E ratio of 15.8.
P/E ratio history for Arab National Bank from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.8 | 0.12% |
| 2021 | 15.8 | 8.24% |
| 2020 | 14.6 | 7.91% |
| 2019 | 13.5 | 74.54% |
| 2018 | 7.73 | -5.05% |
| 2017 | 8.14 | 4.56% |
| 2016 | 7.79 | -2.09% |
| 2015 | 7.96 | -24.87% |
| 2014 | 10.6 | 1.9% |
| 2013 | 10.4 | 9.44% |
| 2012 | 9.50 |
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.