P/E ratio for Red Sea International Company (4230.SR)
P/E ratio as of May 2024 (TTM): -8.73
According to Red Sea International Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -8.73022. At the end of 2022 the company had a P/E ratio of -3.54.
P/E ratio history for Red Sea International Company from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.54 | -63.55% |
| 2021 | -9.72 | 14.7% |
| 2020 | -8.48 | -24.42% |
| 2019 | -11.2 | -0.38% |
| 2018 | -11.3 | -35.14% |
| 2017 | -17.4 | -161.57% |
| 2016 | 28.2 | 43.61% |
| 2015 | 19.6 | 41.14% |
| 2014 | 13.9 | -3.71% |
| 2013 | 14.4 | 38.72% |
| 2012 | 10.4 | -38.07% |
| 2011 | 16.8 |
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.