According to Arriyadh Development Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.4646. At the end of 2022 the company had a P/E ratio of 10.7.
Year | P/E ratio | Change |
---|---|---|
2022 | 10.7 | -24.27% |
2021 | 14.2 | 4.99% |
2020 | 13.5 | -28.11% |
2019 | 18.8 | 63.25% |
2018 | 11.5 | 3.85% |
2017 | 11.1 | -5.08% |
2016 | 11.7 | 41.48% |
2015 | 8.26 | -43.62% |
2014 | 14.6 | 29.4% |
2013 | 11.3 | 6.24% |
2012 | 10.7 | -39.03% |
2011 | 17.5 |
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.