P/E ratio for National Shipping Company of Saudi Arabia (Bahri) (4030.SR)
P/E ratio as of April 2024 (TTM): 11.4
According to National Shipping Company of Saudi Arabia (Bahri)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.4088. At the end of 2022 the company had a P/E ratio of 21.1.
P/E ratio history for National Shipping Company of Saudi Arabia (Bahri) from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.1 | -78.41% |
| 2021 | 97.8 | 541.8% |
| 2020 | 15.2 | -59.6% |
| 2019 | 37.7 | -8.11% |
| 2018 | 41.1 | 75.56% |
| 2017 | 23.4 | 56.65% |
| 2016 | 14.9 | -1.14% |
| 2015 | 15.1 | -52.91% |
| 2014 | 32.1 | 81.23% |
| 2013 | 17.7 | -1.42% |
| 2012 | 18.0 | -10.02% |
| 2011 | 20.0 |
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.