P/E ratio for Saudi Ceramic Company (2040.SR)
P/E ratio as of May 2024 (TTM): -37.8
According to Saudi Ceramic Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -37.7838. At the end of 2022 the company had a P/E ratio of 13.3.
P/E ratio history for Saudi Ceramic Company from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.3 | -29.26% |
| 2021 | 18.8 | -50.93% |
| 2020 | 38.3 | -87.17% |
| 2019 | 299 | -5512.55% |
| 2018 | -5.52 | -59.81% |
| 2017 | -13.7 | -116.35% |
| 2016 | 84.0 | 904.25% |
| 2015 | 8.36 | -35.53% |
| 2014 | 13.0 | -3.57% |
| 2013 | 13.5 | 19.19% |
| 2012 | 11.3 | -29.46% |
| 2011 | 16.0 |
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.