P/E ratio for Bank AlJazira (1020.SR)
P/E ratio as of May 2024 (TTM): 14.7
According to Bank AlJazira's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.6645. At the end of 2022 the company had a P/E ratio of 15.4.
P/E ratio history for Bank AlJazira from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.4 | -5.19% |
| 2021 | 16.2 | -96.44% |
| 2020 | 455 | 3563.25% |
| 2019 | 12.4 | -48.64% |
| 2018 | 24.2 | 255.49% |
| 2017 | 6.81 | 5.09% |
| 2016 | 6.48 | 28.7% |
| 2015 | 5.03 | -73.73% |
| 2014 | 19.2 | 10.78% |
| 2013 | 17.3 | 10.7% |
| 2012 | 15.6 |
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.