P/E ratio for Saudi Aramco (2222.SR)
P/E ratio as of April 2024 (TTM): 14.6
According to Saudi Aramco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.6317. At the end of 2022 the company had a P/E ratio of 12.2.
P/E ratio history for Saudi Aramco from 2019 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.2 | -33.91% |
| 2021 | 18.4 | -52.6% |
| 2020 | 38.8 | 198.59% |
| 2019 | 13.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Shell SHEL | 8.60 | -41.20% | 🇬🇧 UK |
 BP BP | 4.56 | -68.84% | 🇬🇧 UK |
 Petrobras PBR | 0.8189 | -94.40% | 🇧🇷 Brazil |
 Rosneft ROSN.ME | 5.02 | -65.66% | 🇷🇺 Russia |
 TotalEnergies TTE | 9.22 | -36.99% | 🇫🇷 France |
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.