P/E ratio for Saudi Advanced Industries Company (2120.SR)
P/E ratio as of May 2024 (TTM): 20.1
According to Saudi Advanced Industries Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.1347. At the end of 2022 the company had a P/E ratio of 14.2.
P/E ratio history for Saudi Advanced Industries Company from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.2 | -45.4% |
| 2021 | 26.1 | -28.35% |
| 2020 | 36.4 | 50.66% |
| 2019 | 24.2 | 35.53% |
| 2018 | 17.8 | -19.64% |
| 2017 | 22.2 | -59.64% |
| 2016 | 55.0 | -92.09% |
| 2015 | 695 | 1171.12% |
| 2014 | 54.7 | 72.82% |
| 2013 | 31.6 | -389.26% |
| 2012 | -10.9 | -106.82% |
| 2011 | 160 |
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.