P/E ratio for Al Ahli Bank of Kuwait (ABK.KW)
P/E ratio as of May 2024 (TTM): > 1000
According to Al Ahli Bank of Kuwait's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18972. At the end of 2022 the company had a P/E ratio of 27.9.
P/E ratio history for Al Ahli Bank of Kuwait from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 27.9 | 31.88% |
| 2021 | 21.2 | -561.66% |
| 2020 | -4.59 | -123.18% |
| 2019 | 19.8 | 61.65% |
| 2018 | 12.2 | -14.54% |
| 2017 | 14.3 | -6.65% |
| 2016 | 15.3 | -27.67% |
| 2015 | 21.2 | 12.56% |
| 2014 | 18.9 | -17.49% |
| 2013 | 22.8 | -22.85% |
| 2012 | 29.6 |
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.