P/E ratio for Qatar Islamic Bank (QIBK.QA)
P/E ratio as of May 2024 (TTM): 10.3
According to Qatar Islamic Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.3452. At the end of 2022 the company had a P/E ratio of 11.5.
P/E ratio history for Qatar Islamic Bank from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.5 | -11.25% |
| 2021 | 12.9 | -9.47% |
| 2020 | 14.3 | 11.61% |
| 2019 | 12.8 | -8.81% |
| 2018 | 14.0 | 34.46% |
| 2017 | 10.4 | -16.27% |
| 2016 | 12.4 | -6.12% |
| 2015 | 13.3 | -12.07% |
| 2014 | 15.1 | 23.21% |
| 2013 | 12.2 | -14.36% |
| 2012 | 14.3 |
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.