P/E ratio for Wafrah for Industry and Development Company (2100.SR)
P/E ratio as of May 2024 (TTM): 46.4
According to Wafrah for Industry and Development Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 46.4038. At the end of 2022 the company had a P/E ratio of 19.2.
P/E ratio history for Wafrah for Industry and Development Company from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.2 | -126.69% |
| 2021 | -71.8 | -26.06% |
| 2020 | -97.1 | 779.76% |
| 2019 | -11.0 | -13.73% |
| 2018 | -12.8 | 57.61% |
| 2017 | -8.12 | -79.54% |
| 2016 | -39.7 | -56.96% |
| 2015 | -92.2 | -134.25% |
| 2014 | 269 | 232.38% |
| 2013 | 81.0 | 24.86% |
| 2012 | 64.9 | 12.72% |
| 2011 | 57.6 |
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.