P/E ratio for Northern Region Cement Company (3004.SR)
P/E ratio as of May 2024 (TTM): 19.3
According to Northern Region Cement Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.3374. At the end of 2022 the company had a P/E ratio of 17.5.
P/E ratio history for Northern Region Cement Company from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.5 | -22.99% |
| 2021 | 22.7 | 12.05% |
| 2020 | 20.3 | -12.56% |
| 2019 | 23.2 | -80.4% |
| 2018 | 118 | 228.34% |
| 2017 | 36.1 | 139.52% |
| 2016 | 15.1 | 15.45% |
| 2015 | 13.0 | -33.28% |
| 2014 | 19.5 | 11.47% |
| 2013 | 17.5 |
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.