P/E ratio for Jazan Development and Investment (JAZADCO) (6090.SR)
P/E ratio as of May 2024 (TTM): 46.7
According to Jazan Development and Investment (JAZADCO) 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 46.7352. At the end of 2022 the company had a P/E ratio of 37.6.
P/E ratio history for Jazan Development and Investment (JAZADCO) from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 37.6 | -55.08% |
| 2021 | 83.7 | 5.59% |
| 2020 | 79.2 | -277.79% |
| 2019 | -44.6 | -39.78% |
| 2018 | -74.0 | -126.78% |
| 2017 | 276 | 325.13% |
| 2016 | 65.0 | 66.57% |
| 2015 | 39.0 | -56.64% |
| 2014 | 90.0 | |
| 2012 | -41.9 | 92.7% |
| 2011 | -21.7 |
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.