P/E ratio for United Electronics Company (eXtra Saudi) (4003.SR)
P/E ratio as of May 2024 (TTM): 21.5
According to United Electronics Company (eXtra Saudi)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.5323. At the end of 2022 the company had a P/E ratio of 11.9.
P/E ratio history for United Electronics Company (eXtra Saudi) from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.9 | -39.78% |
| 2021 | 19.7 | 9.41% |
| 2020 | 18.0 | 5.66% |
| 2019 | 17.0 | -8.1% |
| 2018 | 18.5 | 10.46% |
| 2017 | 16.8 | -104.45% |
| 2016 | -377 | -1406.73% |
| 2015 | 28.9 | 41.91% |
| 2014 | 20.3 | 14.34% |
| 2013 | 17.8 | 15.31% |
| 2012 | 15.4 |
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.