P/E ratio for Saudi Electricity (5110.SR)
P/E ratio as of April 2024 (TTM): 16.3
According to Saudi Electricity's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.2659. At the end of 2022 the company had a P/E ratio of 12.9.
P/E ratio history for Saudi Electricity from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.9 | -12.59% |
| 2021 | 14.8 | -65.25% |
| 2020 | 42.6 | -30.47% |
| 2019 | 61.3 | 69.98% |
| 2018 | 36.0 | 182.42% |
| 2017 | 12.8 | -44.97% |
| 2016 | 23.2 | -48.32% |
| 2015 | 44.9 | 160.34% |
| 2014 | 17.2 | -14.68% |
| 2013 | 20.2 | -6.5% |
| 2012 | 21.6 |
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.