P/E ratio for Yamama Saudi Cement Company (3020.SR)
P/E ratio as of May 2024 (TTM): 20.2
According to Yamama Saudi Cement Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.2256. At the end of 2022 the company had a P/E ratio of 15.6.
P/E ratio history for Yamama Saudi Cement Company from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.6 | -54.49% |
| 2021 | 34.2 | 132.72% |
| 2020 | 14.7 | -26.36% |
| 2019 | 20.0 | -139.92% |
| 2018 | -50.0 | -248.57% |
| 2017 | 33.7 | 158.99% |
| 2016 | 13.0 | 23.68% |
| 2015 | 10.5 | -29.03% |
| 2014 | 14.8 | 9.75% |
| 2013 | 13.5 | 14.48% |
| 2012 | 11.8 | -8.42% |
| 2011 | 12.9 |
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.