P/E ratio for Saudi Enaya Cooperative Insurance Company (8311.SR)
P/E ratio as of June 2024 (TTM): 33.5
According to Saudi Enaya Cooperative Insurance Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.5354. At the end of 2022 the company had a P/E ratio of -28.7.
P/E ratio history for Saudi Enaya Cooperative Insurance Company from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -28.7 | 281.51% |
| 2021 | -7.53 | -39.73% |
| 2020 | -12.5 | 455.71% |
| 2019 | -2.25 | -4.54% |
| 2018 | -2.36 | -85.94% |
| 2017 | -16.8 | 95.89% |
| 2016 | -8.55 | 104.3% |
| 2015 | -4.19 | -73.94% |
| 2014 | -16.1 | |
| 2012 | -39.8 |
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.