SABIC
2010.SR
#301
Rank
$61.48 B
Marketcap
$20.49
Share price
-1.54%
Change (1 day)
-14.79%
Change (1 year)

P/E ratio for SABIC (2010.SR)

P/E ratio as of May 2024 (TTM): 58.2

According to SABIC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 58.2356. At the end of 2022 the company had a P/E ratio of 16.3.

P/E ratio history for SABIC from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202216.38.28%
202115.1-99.7%
2020> 10009456.87%
201953.1227.34%
201816.2-2.25%
201716.66.18%
201615.627.77%
201512.213.18%
201410.8-18.37%
201313.221.58%
201210.9

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.