P/E ratio for Qatar National Cement Company (QNCD.QA)
P/E ratio as of May 2024 (TTM): 8.63
According to Qatar National Cement Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.62899. At the end of 2022 the company had a P/E ratio of 13.8.
P/E ratio history for Qatar National Cement Company from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.8 | -7.81% |
| 2021 | 15.0 | -17.86% |
| 2020 | 18.3 | -15.67% |
| 2019 | 21.7 | 93.61% |
| 2018 | 11.2 | -11.1% |
| 2017 | 12.6 | 16.98% |
| 2016 | 10.8 | -9.09% |
| 2015 | 11.8 | -23.71% |
| 2014 | 15.5 | 15.61% |
| 2013 | 13.4 | 15% |
| 2012 | 11.7 | -5.66% |
| 2011 | 12.4 | 10.52% |
| 2010 | 11.2 |
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.