P/E ratio for Emirates Reem Investments Company (ERC.AE)
P/E ratio as of May 2024 (TTM): 39.7
According to Emirates Reem Investments Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.6948. At the end of 2021 the company had a P/E ratio of 106.
P/E ratio history for Emirates Reem Investments Company from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 106 | -593.48% |
| 2020 | -21.5 | 170.43% |
| 2019 | -7.95 | -29.04% |
| 2018 | -11.2 | -75.37% |
| 2017 | -45.5 | -220.73% |
| 2016 | 37.7 | 7.69% |
| 2015 | 35.0 | -74.04% |
| 2014 | 135 | -55.46% |
| 2013 | 303 | -28.43% |
| 2012 | 423 | 392.31% |
| 2011 | 85.9 | -632.67% |
| 2010 | -16.1 |
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.