P/E ratio for Salama Cooperative Insurance Company (8050.SR)
P/E ratio as of May 2024 (TTM): 14.7
According to Salama Cooperative Insurance Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.7209. At the end of 2022 the company had a P/E ratio of -3.34.
P/E ratio history for Salama Cooperative Insurance Company from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.34 | -11.68% |
| 2021 | -3.78 | -103.63% |
| 2020 | 104 | -2181.67% |
| 2019 | -5.00 | -112.94% |
| 2018 | 38.6 | 318.27% |
| 2017 | 9.24 | -11.65% |
| 2016 | 10.5 | -91.9% |
| 2015 | 129 | -19.74% |
| 2014 | 161 | |
| 2012 | -39.8 | -125.08% |
| 2011 | 159 |
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.