P/E ratio for Qassim Cement Company (3040.SR)
P/E ratio as of May 2024 (TTM): 42.5
According to Qassim Cement Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 42.4604. At the end of 2022 the company had a P/E ratio of 43.9.
P/E ratio history for Qassim Cement Company from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 43.9 | 87.73% |
| 2021 | 23.4 | 35.42% |
| 2020 | 17.3 | 5.14% |
| 2019 | 16.4 | -35.04% |
| 2018 | 25.3 | 57.18% |
| 2017 | 16.1 | -87.84% |
| 2016 | 132 | 1117.84% |
| 2015 | 10.9 | -25.76% |
| 2014 | 14.6 | 5.56% |
| 2013 | 13.8 | 6.5% |
| 2012 | 13.0 | 10.94% |
| 2011 | 11.7 |
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.