Saudi Aramco
2222.SR
#3
Rank
$2.065 T
Marketcap
$8.54
Share price
1.11%
Change (1 day)
10.62%
Change (1 year)
Saudi Aramco is the Saudi Arabian national petroleum and natural gas company. As of 2020 it is the largest oil producing company in the world and has the world's second-largest proven crude oil reserves.

P/E ratio for Saudi Aramco (2222.SR)

P/E ratio as of February 2024 (TTM): 15.6

According to Saudi Aramco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.561. 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
202212.2-33.91%
202118.4-52.6%
202038.8198.59%
201913.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
7.54-51.52%๐Ÿ‡ฌ๐Ÿ‡ง UK
4.11-73.57%๐Ÿ‡ฌ๐Ÿ‡ง UK
0.8564-94.50%๐Ÿ‡ง๐Ÿ‡ท Brazil
4.88-68.63%๐Ÿ‡ท๐Ÿ‡บ Russia
8.13-47.76%๐Ÿ‡ซ๐Ÿ‡ท 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.