P/E ratio for Dubai National Insurance & Reinsurance Company (DNIR.AE)
P/E ratio as of May 2024 (TTM): 13.1
According to Dubai National Insurance & Reinsurance Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.0615. At the end of 2021 the company had a P/E ratio of 11.8.
P/E ratio history for Dubai National Insurance & Reinsurance Company from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.8 | 31.33% |
| 2020 | 8.96 | -2.63% |
| 2019 | 9.20 | 20.91% |
| 2018 | 7.61 | 7.27% |
| 2017 | 7.09 | 13.49% |
| 2016 | 6.25 | -8.85% |
| 2015 | 6.86 | -39.27% |
| 2014 | 11.3 | 16.49% |
| 2013 | 9.69 | 5.35% |
| 2012 | 9.20 | -10.14% |
| 2011 | 10.2 | -6.93% |
| 2010 | 11.0 |
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.