P/E ratio for Arabian Shield Cooperative Insurance Company (8070.SR)
P/E ratio as of May 2024 (TTM): 44.5
According to Arabian Shield Cooperative Insurance Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 44.5434. At the end of 2022 the company had a P/E ratio of 36.0.
P/E ratio history for Arabian Shield Cooperative Insurance Company from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 36.0 | -7.63% |
| 2021 | 38.9 | 65.05% |
| 2020 | 23.6 | -67.06% |
| 2019 | 71.6 | 191.78% |
| 2018 | 24.5 | 217.06% |
| 2017 | 7.74 | -21.85% |
| 2016 | 9.90 | -39.1% |
| 2015 | 16.3 | -65.7% |
| 2014 | 47.4 | |
| 2012 | 103 | 159.35% |
| 2011 | 39.7 |
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.