P/E ratio for Saudi Automotive Services Company (4050.SR)
P/E ratio as of May 2024 (TTM): 69.8
According to Saudi Automotive Services Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 69.8083. At the end of 2022 the company had a P/E ratio of 21.9.
P/E ratio history for Saudi Automotive Services Company from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.9 | -39.27% |
| 2021 | 36.1 | -23.06% |
| 2020 | 46.9 | 219.29% |
| 2019 | 14.7 | -48.68% |
| 2018 | 28.6 | -20.69% |
| 2017 | 36.1 | -16.05% |
| 2016 | 43.0 | -34.64% |
| 2015 | 65.8 | 372.69% |
| 2014 | 13.9 | -47.96% |
| 2013 | 26.8 | 51.19% |
| 2012 | 17.7 | 0.38% |
| 2011 | 17.6 |
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.