P/E ratio for Industries Qatar (IQCD.QA)
P/E ratio as of May 2024 (TTM): 13.2
According to Industries Qatar's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.1858. At the end of 2022 the company had a P/E ratio of 8.77.
P/E ratio history for Industries Qatar from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.77 | -24.1% |
| 2021 | 11.6 | -68.1% |
| 2020 | 36.2 | 51.56% |
| 2019 | 23.9 | 48.69% |
| 2018 | 16.1 | -9.17% |
| 2017 | 17.7 | -26.49% |
| 2016 | 24.1 | 60.16% |
| 2015 | 15.0 | -6.22% |
| 2014 | 16.0 | 25.66% |
| 2013 | 12.8 | 26.21% |
| 2012 | 10.1 | 9.59% |
| 2011 | 9.22 | -32.23% |
| 2010 | 13.6 |
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.