P/E ratio for Saudi Ground Services Company (4031.SR)
P/E ratio as of May 2024 (TTM): 97.8
According to Saudi Ground Services Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 97.8083. At the end of 2022 the company had a P/E ratio of -16.8.
P/E ratio history for Saudi Ground Services Company from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -16.8 | -23.11% |
| 2021 | -21.9 | 64.25% |
| 2020 | -13.3 | -186.91% |
| 2019 | 15.3 | -2.58% |
| 2018 | 15.7 | 7.76% |
| 2017 | 14.6 | -19.22% |
| 2016 | 18.1 | 31.26% |
| 2015 | 13.8 |
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.