Zain Saudi Arabia
7030.SR
#3461
Rank
$3.02 B
Marketcap
$3.37
Share price
-0.94%
Change (1 day)
17.42%
Change (1 year)

P/E ratio for Zain Saudi Arabia (7030.SR)

P/E ratio as of March 2024 (TTM): 11.1

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.

P/E ratio history for Zain Saudi Arabia from 2011 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202216.5-67.18%
202150.440.76%
202035.8114.77%
201916.714.86%
201814.5-97.47%
2017574-11619.31%
2016-4.98-0.83%
2015-5.0269.8%
2014-2.96-51.32%
2013-6.08-2.28%
2012-6.22

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.