Saudi International Petrochemical Company (Sipchem)
2310.SR
#1883
Rank
$6.81 B
Marketcap
$9.29
Share price
1.01%
Change (1 day)
-16.91%
Change (1 year)

P/E ratio for Saudi International Petrochemical Company (Sipchem) (2310.SR)

P/E ratio as of December 2022 (TTM): 6.10

According to Saudi International Petrochemical Company (Sipchem)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.09828. At the end of 2016 the company had a P/E ratio of 99.5.

P/E ratio history for Saudi International Petrochemical Company (Sipchem) from 2012 to 2022

PE ratio at the end of each year

Year P/E ratio Change
201699.5460.92%
201517.7

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.