P/E ratio for Petro Rabigh (2380.SR)
P/E ratio as of April 2024 (TTM): -2.21
According to Petro Rabigh 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.21074. At the end of 2022 the company had a P/E ratio of -12.0.
P/E ratio history for Petro Rabigh from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -12.0 | -195.42% |
| 2021 | 12.6 | -376.09% |
| 2020 | -4.57 | -90.84% |
| 2019 | -49.9 | -240.99% |
| 2018 | 35.4 | 145.38% |
| 2017 | 14.4 | -95.72% |
| 2016 | 337 | -1791.22% |
| 2015 | -19.9 | -160.91% |
| 2014 | 32.7 | -60.32% |
| 2013 | 82.4 | 84.24% |
| 2012 | 44.7 | -89.29% |
| 2011 | 418 |
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.