P/E ratio for Saudi Kayan Petrochemical Company (2350.SR)
P/E ratio as of April 2024 (TTM): -5.87
According to Saudi Kayan Petrochemical Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -5.87129. At the end of 2022 the company had a P/E ratio of -16.6.
P/E ratio history for Saudi Kayan Petrochemical Company from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -16.6 | -254.87% |
| 2021 | 10.7 | -138.93% |
| 2020 | -27.5 | 3.85% |
| 2019 | -26.5 | -326.7% |
| 2018 | 11.7 | -51.96% |
| 2017 | 24.3 | -69.94% |
| 2016 | 80.9 | -1096.72% |
| 2015 | -8.12 | -97.78% |
| 2014 | -365 | 437.04% |
| 2013 | -68.0 | 189.27% |
| 2012 | -23.5 |
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.