P/E ratio for Hail Cement Company (3001.SR)
P/E ratio as of May 2024 (TTM): 38.4
According to Hail Cement Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 38.3683. At the end of 2022 the company had a P/E ratio of 64.9.
P/E ratio history for Hail Cement Company from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 64.9 | 110.28% |
| 2021 | 30.9 | 100.62% |
| 2020 | 15.4 | -24.69% |
| 2019 | 20.4 | -161.79% |
| 2018 | -33.1 | -153.79% |
| 2017 | 61.5 | 418.43% |
| 2016 | 11.9 | -4.97% |
| 2015 | 12.5 | -13.47% |
| 2014 | 14.4 | -65.11% |
| 2013 | 41.3 | -159.38% |
| 2012 | -69.6 |
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.