P/E ratio for Arabian Pipes Company (2200.SR)
P/E ratio as of May 2024 (TTM): 18.2
According to Arabian Pipes Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.1669. At the end of 2022 the company had a P/E ratio of -38.3.
P/E ratio history for Arabian Pipes Company from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -38.3 | 249.48% |
| 2021 | -11.0 | 194.94% |
| 2020 | -3.71 | -122.33% |
| 2019 | 16.6 | -646.67% |
| 2018 | -3.04 | -103.25% |
| 2017 | 93.7 | -41.77% |
| 2016 | 161 | -1460.46% |
| 2015 | -11.8 | -24.42% |
| 2014 | -15.6 | -115.42% |
| 2013 | 101 | -322.71% |
| 2012 | -45.6 | -74.07% |
| 2011 | -176 |
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.