P/E ratio for Makkah Construction & Development (4100.SR)
P/E ratio as of April 2024 (TTM): 51.9
According to Makkah Construction & Development's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 51.8563. At the end of 2021 the company had a P/E ratio of 685.
P/E ratio history for Makkah Construction & Development from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 685 | |
| 2018 | 58.1 | 37.94% |
| 2017 | 42.1 | -11.35% |
| 2016 | 47.5 | -5.51% |
| 2015 | 50.3 | 20.65% |
| 2014 | 41.7 | 42.12% |
| 2013 | 29.3 | 46.59% |
| 2012 | 20.0 |
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.