P/E ratio for Najran Cement Company (3002.SR)
P/E ratio as of May 2024 (TTM): 22.1
According to Najran Cement Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.0855. At the end of 2022 the company had a P/E ratio of 18.2.
P/E ratio history for Najran Cement Company from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.2 | -2.04% |
| 2021 | 18.6 | 19.66% |
| 2020 | 15.6 | -59.6% |
| 2019 | 38.5 | -324.14% |
| 2018 | -17.2 | -78.89% |
| 2017 | -81.4 | -601.87% |
| 2016 | 16.2 | 64.46% |
| 2015 | 9.86 | -48.91% |
| 2014 | 19.3 | |
| 2012 | 14.4 |
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.