P/E ratio for The Saudi National Bank (1180.SR)
P/E ratio as of April 2024 (TTM): 12.4
According to The Saudi National Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.3655. At the end of 2022 the company had a P/E ratio of 12.5.
P/E ratio history for The Saudi National Bank from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.5 | -41.83% |
| 2021 | 21.5 | 82.84% |
| 2020 | 11.8 | -11.98% |
| 2019 | 13.4 | -10.22% |
| 2018 | 14.9 | 28.23% |
| 2017 | 11.6 | 23.6% |
| 2016 | 9.41 | -16.04% |
| 2015 | 11.2 | -11.4% |
| 2014 | 12.6 |
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.