P/E ratio for Dubai Refreshment (DRC.AE)
P/E ratio as of May 2024 (TTM): 4.51
According to Dubai Refreshment's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.50744. At the end of 2021 the company had a P/E ratio of 15.0.
P/E ratio history for Dubai Refreshment from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 15.0 | -12.09% |
| 2020 | 17.1 | 6.52% |
| 2019 | 16.1 | -19.83% |
| 2018 | 20.0 | 34.1% |
| 2017 | 14.9 | -18.17% |
| 2016 | 18.3 | 43.47% |
| 2015 | 12.7 | -5.59% |
| 2014 | 13.5 | 47.63% |
| 2013 | 9.14 | 32% |
| 2012 | 6.92 | -4.84% |
| 2011 | 7.27 | 21.41% |
| 2010 | 5.99 |
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.