P/E ratio for Al Meera Consumer Goods Company (MERS.QA)
P/E ratio as of May 2024 (TTM): 13.5
According to Al Meera Consumer Goods Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.5358. At the end of 2022 the company had a P/E ratio of 16.6.
P/E ratio history for Al Meera Consumer Goods Company from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.6 | -19.49% |
| 2021 | 20.6 | 1.4% |
| 2020 | 20.3 | 19.89% |
| 2019 | 16.9 | 1.16% |
| 2018 | 16.8 | 8.87% |
| 2017 | 15.4 | -15.22% |
| 2016 | 18.1 | -35.12% |
| 2015 | 28.0 | 53.86% |
| 2014 | 18.2 | 44.22% |
| 2013 | 12.6 | -30.15% |
| 2012 | 18.0 |
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.