P/E ratio for QNB (Qatar National Bank) (QNBK.QA)
P/E ratio as of May 2024 (TTM): 9.10
According to QNB (Qatar National Bank)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.09642. At the end of 2022 the company had a P/E ratio of 12.1.
P/E ratio history for QNB (Qatar National Bank) from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.1 | -21.02% |
| 2021 | 15.3 | 2.08% |
| 2020 | 15.0 | 5.52% |
| 2019 | 14.2 | 4.13% |
| 2018 | 13.6 | 48.26% |
| 2017 | 9.20 | -18.64% |
| 2016 | 11.3 | 3.87% |
| 2015 | 10.9 | -23.32% |
| 2014 | 14.2 | 11.4% |
| 2013 | 12.7 | 15.83% |
| 2012 | 11.0 |
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.