According to Zain Saudi Arabia 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.0694. At the end of 2022 the company had a P/E ratio of 16.5.
Year | P/E ratio | Change |
---|---|---|
2022 | 16.5 | -67.18% |
2021 | 50.4 | 40.76% |
2020 | 35.8 | 114.77% |
2019 | 16.7 | 14.86% |
2018 | 14.5 | -97.47% |
2017 | 574 | -11619.31% |
2016 | -4.98 | -0.83% |
2015 | -5.02 | 69.8% |
2014 | -2.96 | -51.32% |
2013 | -6.08 | -2.28% |
2012 | -6.22 |
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.