According to National Cement Company P.S.C.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.8725. At the end of 2021 the company had a P/E ratio of 16.5.
Year | P/E ratio | Change |
---|---|---|
2021 | 16.5 | -106.5% |
2020 | -253 | -2844.44% |
2019 | 9.23 | -141.96% |
2018 | -22.0 | -183.45% |
2017 | 26.4 | 127.27% |
2016 | 11.6 | -13.33% |
2015 | 13.4 | -7.79% |
2014 | 14.5 | 6.12% |
2013 | 13.7 | -11% |
2012 | 15.4 |
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.