P/E ratio for Riyad Bank (1010.SR)
P/E ratio as of June 2023 (TTM): 15.7
According to Riyad Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.6893. At the end of 2021 the company had a P/E ratio of 13.5.
P/E ratio history for Riyad Bank from 2013 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 13.5 | 3.26% |
| 2020 | 13.1 | 3.73% |
| 2019 | 12.6 | -0.79% |
| 2018 | 12.7 | 33.77% |
| 2017 | 9.48 | -9.24% |
| 2016 | 10.5 | 14.7% |
| 2015 | 9.11 | -23.19% |
| 2014 | 11.9 | 8.32% |
| 2013 | 11.0 | 9.98% |
| 2012 | 9.96 |
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.