P/E ratio for Emirates Integrated Telecommunications Company (DU.AE)
P/E ratio as of May 2024 (TTM): 16.6
According to Emirates Integrated Telecommunications Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.6274. At the end of 2021 the company had a P/E ratio of 27.6.
P/E ratio history for Emirates Integrated Telecommunications Company from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 27.6 | 54.85% |
| 2020 | 17.8 | 22.18% |
| 2019 | 14.6 | 14.17% |
| 2018 | 12.8 | -4.86% |
| 2017 | 13.4 | -17.74% |
| 2016 | 16.3 | 34.63% |
| 2015 | 12.1 | 11.05% |
| 2014 | 10.9 | -28.36% |
| 2013 | 15.2 | 88.76% |
| 2012 | 8.07 | -32.98% |
| 2011 | 12.0 | 28.72% |
| 2010 | 9.35 |
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.