P/E ratio for Saudi Cement Company (3030.SR)
P/E ratio as of May 2024 (TTM): 19.4
According to Saudi Cement Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.3692. At the end of 2022 the company had a P/E ratio of 20.0.
P/E ratio history for Saudi Cement Company from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.0 | -20.8% |
| 2021 | 25.3 | 21.77% |
| 2020 | 20.7 | -12.85% |
| 2019 | 23.8 | 30.16% |
| 2018 | 18.3 | 13.1% |
| 2017 | 16.2 | 33.17% |
| 2016 | 12.1 | 13.98% |
| 2015 | 10.7 | -23.12% |
| 2014 | 13.9 | 0.81% |
| 2013 | 13.7 | 4.7% |
| 2012 | 13.1 | -2.37% |
| 2011 | 13.4 |
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.