P/E ratio for Yanbu National Petrochemical (2290.SR)
P/E ratio as of April 2024 (TTM): -35.0
According to Yanbu National Petrochemical's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -35.0188. At the end of 2022 the company had a P/E ratio of 56.7.
P/E ratio history for Yanbu National Petrochemical from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 56.7 | 124.54% |
| 2021 | 25.3 | -52.17% |
| 2020 | 52.8 | 123.9% |
| 2019 | 23.6 | 58.6% |
| 2018 | 14.9 | 6.37% |
| 2017 | 14.0 | 6.97% |
| 2016 | 13.1 | -13.3% |
| 2015 | 15.1 | 38.18% |
| 2014 | 10.9 | -30.48% |
| 2013 | 15.7 | 44.14% |
| 2012 | 10.9 |
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.