P/E ratio for The National Agricultural Development Company (6010.SR)
P/E ratio as of May 2024 (TTM): 36.6
According to The National Agricultural Development Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 36.604. At the end of 2022 the company had a P/E ratio of 22.0.
P/E ratio history for The National Agricultural Development Company from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.0 | -303.49% |
| 2021 | -10.8 | -112.35% |
| 2020 | 87.4 | -126.61% |
| 2019 | -329 | -123.18% |
| 2018 | > 1000 | 1959.37% |
| 2017 | 68.8 | 216.36% |
| 2016 | 21.8 | 22.41% |
| 2015 | 17.8 | -28.02% |
| 2014 | 24.7 | |
| 2011 | 19.5 |
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.