P/E ratio for Milaha - Qatar Navigation (QNNS.QA)
P/E ratio as of May 2024 (TTM): 9.61
According to Milaha - Qatar Navigation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.60832. At the end of 2022 the company had a P/E ratio of 11.4.
P/E ratio history for Milaha - Qatar Navigation from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.4 | -4.44% |
| 2021 | 11.9 | -91.54% |
| 2020 | 141 | 1007.69% |
| 2019 | 12.7 | -13.21% |
| 2018 | 14.7 | 8.54% |
| 2017 | 13.5 | -11.52% |
| 2016 | 15.3 | 54.81% |
| 2015 | 9.87 | -5.15% |
| 2014 | 10.4 | 3.51% |
| 2013 | 10.0 | 16.91% |
| 2012 | 8.59 | -30.23% |
| 2011 | 12.3 | 26.62% |
| 2010 | 9.73 |
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.