P/E ratio for National Central Cooling Company (TABREED.AE)
P/E ratio as of May 2024 (TTM): 21.7
According to National Central Cooling Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.7275. At the end of 2021 the company had a P/E ratio of 11.8.
P/E ratio history for National Central Cooling Company from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.8 | -10.67% |
| 2020 | 13.2 | 18.98% |
| 2019 | 11.1 | 3.47% |
| 2018 | 10.7 | -11.92% |
| 2017 | 12.1 | -15.49% |
| 2016 | 14.4 | 30.52% |
| 2015 | 11.0 | -17.5% |
| 2014 | 13.3 | -56.1% |
| 2013 | 30.4 | 100.83% |
| 2012 | 15.1 | 174.45% |
| 2011 | 5.51 | 13.37% |
| 2010 | 4.86 |
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.