P/E ratio for Saudi International Petrochemical Company (Sipchem) (2310.SR)
P/E ratio as of April 2024 (TTM): 15.2
According to Saudi International Petrochemical Company (Sipchem)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.1513. At the end of 2022 the company had a P/E ratio of 6.83.
P/E ratio history for Saudi International Petrochemical Company (Sipchem) from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.83 | -19.52% |
| 2021 | 8.48 | -88.24% |
| 2020 | 72.2 | 137.07% |
| 2019 | 30.4 | 142.49% |
| 2018 | 12.6 | -14.34% |
| 2017 | 14.7 | -86.04% |
| 2016 | 105 | 492.08% |
| 2015 | 17.7 | 9.85% |
| 2014 | 16.1 | -13.69% |
| 2013 | 18.7 | 60.62% |
| 2012 | 11.6 | 14.97% |
| 2011 | 10.1 |
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.