P/E ratio for Rand Merchant Investment (RMI.JO)
P/E ratio at the end of 2021: 12.6
According to Rand Merchant Investment's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.8111. At the end of 2021 the company had a P/E ratio of 12.6.
P/E ratio history for Rand Merchant Investment from 2011 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.6 | -51.65% |
| 2020 | 26.0 | 164% |
| 2019 | 9.87 | -6.98% |
| 2018 | 10.6 | -11.87% |
| 2017 | 12.0 | -24.37% |
| 2016 | 15.9 | 29.35% |
| 2015 | 12.3 | 35.71% |
| 2014 | 9.07 | -1.07% |
| 2013 | 9.16 | 84.67% |
| 2012 | 4.96 | -56.56% |
| 2011 | 11.4 |
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.