P/E ratio for Saudi Investment Bank (1030.SR)
P/E ratio as of April 2024 (TTM): 10.7
According to Saudi Investment Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.6564. At the end of 2022 the company had a P/E ratio of 12.8.
P/E ratio history for Saudi Investment Bank from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.8 | -13.88% |
| 2021 | 14.8 | 16.72% |
| 2020 | 12.7 | -88.03% |
| 2019 | 106 | 315.3% |
| 2018 | 25.6 | 211.32% |
| 2017 | 8.21 | -19% |
| 2016 | 10.1 | 20.27% |
| 2015 | 8.43 | -22.14% |
| 2014 | 10.8 | -12.28% |
| 2013 | 12.3 | 13.14% |
| 2012 | 10.9 |
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.