According to Emaar The Economic City's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -5.43588. At the end of 2023 the company had a P/E ratio of -16.6.
Year | P/E ratio | Change |
---|---|---|
2023 | -16.6 | 336.44% |
2022 | -3.81 | -49.03% |
2021 | -7.47 | 156.24% |
2020 | -2.91 | -59.08% |
2019 | -7.12 | -68.87% |
2018 | -22.9 | -204.34% |
2017 | 21.9 | 134.06% |
2016 | 9.37 | -43.5% |
2015 | 16.6 | 31.94% |
2014 | 12.6 | -34.54% |
2013 | 19.2 | 9.76% |
2012 | 17.5 | -48.59% |
2011 | 34.0 | -813.07% |
2010 | -4.77 |
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.