P/E ratio for Islamic Arab Insurance (SALAMA.AE)
P/E ratio as of June 2024 (TTM): -202
According to Islamic Arab Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -201.7. At the end of 2021 the company had a P/E ratio of 22.4.
P/E ratio history for Islamic Arab Insurance from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 22.4 | 236.14% |
| 2020 | 6.66 | -45.69% |
| 2019 | 12.3 | -94.43% |
| 2018 | 220 | 897.86% |
| 2017 | 22.0 | -812.18% |
| 2016 | -3.10 | 11.43% |
| 2015 | -2.78 | -115.54% |
| 2014 | 17.9 | -217.34% |
| 2013 | -15.2 | 713.47% |
| 2012 | -1.87 | -116.46% |
| 2011 | 11.4 | -46.89% |
| 2010 | 21.4 |
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.