P/E ratio for Eastern Province Cement Company (3080.SR)
P/E ratio as of May 2024 (TTM): 17.1
According to Eastern Province Cement Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.0991. At the end of 2022 the company had a P/E ratio of 24.5.
P/E ratio history for Eastern Province Cement Company from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.5 | 33.34% |
| 2021 | 18.4 | 13.89% |
| 2020 | 16.1 | -5.15% |
| 2019 | 17.0 | -33.64% |
| 2018 | 25.7 | 21.24% |
| 2017 | 21.2 | 60.99% |
| 2016 | 13.1 | 58.81% |
| 2015 | 8.28 | -36.14% |
| 2014 | 13.0 | -22.13% |
| 2013 | 16.6 | 32.56% |
| 2012 | 12.6 |
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.