Saudi Steel Pipes
1320.SR
#5827
Rank
โ‚ฌ0.84 B
Marketcap
16,69 โ‚ฌ
Share price
-1.07%
Change (1 day)
89.05%
Change (1 year)

P/E ratio for Saudi Steel Pipes (1320.SR)

P/E ratio as of January 2025 (TTM): 18.9

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.

P/E ratio history for Saudi Steel Pipes from 2011 to 2024

20132016201920222025-400-2002000companiesmarketcap.com

PE ratio at the end of each year

Year P/E ratio Change
202216.9-98.79%
2021> 1000-3516.1%
2020-41.08.6%
2019-37.7594.04%
2018-5.44-112.74%
201742.7-297.86%
2016-21.6-166.63%
201532.4-19.65%
201440.381.2%
201322.2-8.49%
201224.31.32%
201124.042.31%
201016.9

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.