According to Emirates Investment Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.35834. At the end of 2022 the company had a P/E ratio of -12.0.
Year | P/E ratio | Change |
---|---|---|
2022 | -12.0 | -231.41% |
2021 | 9.14 | -195.75% |
2020 | -9.55 | -130.18% |
2019 | 31.6 | 317.64% |
2018 | 7.58 | 45.69% |
2017 | 5.20 | -44.09% |
2016 | 9.30 | -16.18% |
2015 | 11.1 | 33.79% |
2014 | 8.29 |
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.