P/E ratio for Saudi Industrial Services Company (2190.SR)
P/E ratio as of May 2024 (TTM): 39.3
According to Saudi Industrial Services Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.3479. At the end of 2022 the company had a P/E ratio of 51.7.
P/E ratio history for Saudi Industrial Services Company from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 51.7 | 19.45% |
| 2021 | 43.2 | 127.51% |
| 2020 | 19.0 | -38.05% |
| 2019 | 30.7 | 60.42% |
| 2018 | 19.1 | 20.99% |
| 2017 | 15.8 | 35.39% |
| 2016 | 11.7 | 5.27% |
| 2015 | 11.1 | 868.64% |
| 2014 | 1.14 | -94.41% |
| 2013 | 20.5 | -16.86% |
| 2012 | 24.6 | -111.77% |
| 2011 | -209 |
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.