P/E ratio for Saudi Company for Hardware (SACO) (4008.SR)
P/E ratio as of May 2024 (TTM): -14.7
According to Saudi Company for Hardware (SACO)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -14.7233. At the end of 2022 the company had a P/E ratio of -6.91.
P/E ratio history for Saudi Company for Hardware (SACO) from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -6.91 | -88.82% |
| 2021 | -61.8 | -343% |
| 2020 | 25.4 | -17.52% |
| 2019 | 30.8 | 27.01% |
| 2018 | 24.3 | 26.15% |
| 2017 | 19.2 | 21.52% |
| 2016 | 15.8 | -16.48% |
| 2015 | 19.0 |
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.