P/E ratio for Qatar General Insurance & Reinsurance Company (QGRI.QA)
P/E ratio as of June 2024 (TTM): 75.9
According to Qatar General Insurance & Reinsurance Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 75.9456. At the end of 2022 the company had a P/E ratio of -2.41.
P/E ratio history for Qatar General Insurance & Reinsurance Company from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -2.41 | -113.64% |
| 2021 | 17.7 | 8.36% |
| 2020 | 16.3 | -461.09% |
| 2019 | -4.52 | -78.6% |
| 2018 | -21.1 | -251.43% |
| 2017 | 14.0 | -25.45% |
| 2016 | 18.7 | 291.24% |
| 2015 | 4.79 | 6.22% |
| 2014 | 4.51 | 239.87% |
| 2013 | 1.33 | -90.44% |
| 2012 | 13.9 | -4.49% |
| 2011 | 14.5 | -21.27% |
| 2010 | 18.4 |
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.