P/E ratio for Budget Saudi (United International Transportation Company) (4260.SR)
P/E ratio as of May 2024 (TTM): 21.5
According to Budget Saudi (United International Transportation Company)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.5351. At the end of 2022 the company had a P/E ratio of 13.0.
P/E ratio history for Budget Saudi (United International Transportation Company) from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.0 | -13.93% |
| 2021 | 15.1 | 10.98% |
| 2020 | 13.6 | -5.88% |
| 2019 | 14.4 | 28.38% |
| 2018 | 11.2 | -10.97% |
| 2017 | 12.6 | 1.69% |
| 2016 | 12.4 | 7.53% |
| 2015 | 11.5 | -31% |
| 2014 | 16.7 | 14.69% |
| 2013 | 14.6 | 38.44% |
| 2012 | 10.5 | 12.5% |
| 2011 | 9.36 |
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.