P/E ratio for United Development Company (UDCD.QA)
P/E ratio as of May 2024 (TTM): 17.1
According to United Development Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.1326. At the end of 2022 the company had a P/E ratio of 11.8.
P/E ratio history for United Development Company from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.8 | -29.4% |
| 2021 | 16.7 | -35.85% |
| 2020 | 26.1 | 106% |
| 2019 | 12.7 | 20.68% |
| 2018 | 10.5 | 10.95% |
| 2017 | 9.46 | -19.37% |
| 2016 | 11.7 | 11.12% |
| 2015 | 10.6 | -21.47% |
| 2014 | 13.4 | -43.02% |
| 2013 | 23.6 | 197.75% |
| 2012 | 7.93 | 639.78% |
| 2011 | 1.07 | -82.91% |
| 2010 | 6.27 |
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.