P/E ratio for Middle East Specialized Cables Company (2370.SR)
P/E ratio as of May 2024 (TTM): 35.2
According to Middle East Specialized Cables Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 35.2039. At the end of 2016 the company had a P/E ratio of 7.41.
P/E ratio history for Middle East Specialized Cables Company from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2016 | 7.41 | -235.4% |
| 2015 | -5.47 |
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.