P/E ratio for Gulf Navigation Holding (GULFNAV.AE)
P/E ratio as of May 2024 (TTM): 156
According to Gulf Navigation Holding's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 155.972. At the end of 2021 the company had a P/E ratio of 5.47.
P/E ratio history for Gulf Navigation Holding from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 5.47 | -471.44% |
| 2020 | -1.47 | -20.45% |
| 2019 | -1.85 | -89.6% |
| 2018 | -17.8 | -199.18% |
| 2017 | 18.0 | 176.51% |
| 2016 | 6.49 | -61.26% |
| 2015 | 16.8 | -33.71% |
| 2014 | 25.3 | -3284.83% |
| 2013 | -0.7937 | -72.96% |
| 2012 | -2.93 | -37.21% |
| 2011 | -4.67 | 63.86% |
| 2010 | -2.85 |
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.