P/E ratio for Qatar Industrial Manufacturing Company (QIMD.QA)
P/E ratio as of May 2024 (TTM): 6.50
According to Qatar Industrial Manufacturing Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.4978. At the end of 2022 the company had a P/E ratio of 10.0.
P/E ratio history for Qatar Industrial Manufacturing Company from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.0 | -5.24% |
| 2021 | 10.6 | -40.64% |
| 2020 | 17.8 | 28.48% |
| 2019 | 13.9 | 38.31% |
| 2018 | 10.0 | -0.33% |
| 2017 | 10.1 | -7.68% |
| 2016 | 10.9 | -0.72% |
| 2015 | 11.0 | -14.58% |
| 2014 | 12.9 | -8.75% |
| 2013 | 14.1 | 39.61% |
| 2012 | 10.1 | -7.73% |
| 2011 | 10.9 | 15.17% |
| 2010 | 9.50 |
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.