P/E ratio for National Industrialization Company (Saudi Arabia) (2060.SR)
P/E ratio as of May 2024 (TTM): 43.2
According to National Industrialization Company (Saudi Arabia)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 43.2336. At the end of 2022 the company had a P/E ratio of 12.3.
P/E ratio history for National Industrialization Company (Saudi Arabia) from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.3 | 25.5% |
| 2021 | 9.83 | -147.74% |
| 2020 | -20.6 | 279.02% |
| 2019 | -5.43 | -163.93% |
| 2018 | 8.50 | -43.51% |
| 2017 | 15.0 | -87.18% |
| 2016 | 117 | -2429.17% |
| 2015 | -5.04 | -130.76% |
| 2014 | 16.4 | -14.73% |
| 2013 | 19.2 | 81.72% |
| 2012 | 10.6 | 15.15% |
| 2011 | 9.18 |
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.