P/E ratio for Qatar Gas Transport Company (QGTS.QA)
P/E ratio as of May 2024 (TTM): 15.6
According to Qatar Gas Transport Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.6021. At the end of 2022 the company had a P/E ratio of 14.1.
P/E ratio history for Qatar Gas Transport Company from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.1 | 2.43% |
| 2021 | 13.8 | -9.2% |
| 2020 | 15.1 | 14.05% |
| 2019 | 13.3 | 19.23% |
| 2018 | 11.1 | 5.83% |
| 2017 | 10.5 | -21.61% |
| 2016 | 13.4 | 1.76% |
| 2015 | 13.2 | -8.06% |
| 2014 | 14.3 | -6.47% |
| 2013 | 15.3 | 38.73% |
| 2012 | 11.1 | -7.17% |
| 2011 | 11.9 | -30.32% |
| 2010 | 17.1 |
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.