Thob Al Aseel Company
4012.SR
#6804
Rank
$0.45 B
Marketcap
$1.15
Share price
0.23%
Change (1 day)
-12.29%
Change (1 year)
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P/E ratio for Thob Al Aseel Company (4012.SR)

P/E ratio as of November 2024 (TTM): 25.5

According to Thob Al Aseel Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.5392. At the end of 2022 the company had a P/E ratio of 28.8.

P/E ratio history for Thob Al Aseel Company from 2020 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202228.8-10.64%
202132.310.83%
202029.183.24%
201915.9

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.