According to Al-Etihad Cooperative Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.84759. At the end of 2022 the company had a P/E ratio of 48.2.
Year | P/E ratio | Change |
---|---|---|
2022 | 48.2 | 124.56% |
2021 | 21.5 | -32.98% |
2020 | 32.0 | 201.4% |
2019 | 10.6 | 19.05% |
2018 | 8.93 | 25.15% |
2017 | 7.13 | -27.98% |
2016 | 9.91 | -50.69% |
2015 | 20.1 | -133.54% |
2014 | -59.9 | 253.82% |
2013 | -16.9 | -158.85% |
2012 | 28.8 | 53.68% |
2011 | 18.7 | 16.48% |
2010 | 16.1 |
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.