P/E ratio for Sukoon Insurance (SUKOON.AE)
P/E ratio as of May 2024 (TTM): 6.96
According to Sukoon Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.96302. At the end of 2021 the company had a P/E ratio of 5.78.
P/E ratio history for Sukoon Insurance from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 5.78 | 24.44% |
| 2020 | 4.64 | -19.25% |
| 2019 | 5.75 | -93.61% |
| 2018 | 90.0 | 1050% |
| 2017 | 7.83 | -4.97% |
| 2016 | 8.24 | -31.37% |
| 2015 | 12.0 | 96% |
| 2014 | 6.12 | -11.56% |
| 2013 | 6.92 | -54.87% |
| 2012 | 15.3 |
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.