According to Saudi Steel Pipes's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.9386. At the end of 2022 the company had a P/E ratio of 16.9.
Year | P/E ratio | Change |
---|---|---|
2022 | 16.9 | -98.79% |
2021 | > 1000 | -3516.1% |
2020 | -41.0 | 8.6% |
2019 | -37.7 | 594.04% |
2018 | -5.44 | -112.74% |
2017 | 42.7 | -297.86% |
2016 | -21.6 | -166.63% |
2015 | 32.4 | -19.65% |
2014 | 40.3 | 81.2% |
2013 | 22.2 | -8.49% |
2012 | 24.3 | 1.32% |
2011 | 24.0 | 42.31% |
2010 | 16.9 |
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.