P/E ratio for National Industries Group Holding (NIND.KW)
P/E ratio as of May 2024 (TTM): > 1000
According to National Industries Group Holding's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 362680. At the end of 2022 the company had a P/E ratio of 13.8.
P/E ratio history for National Industries Group Holding from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.8 | 170.11% |
| 2021 | 5.12 | -196.83% |
| 2020 | -5.29 | -173.18% |
| 2019 | 7.23 | -33.65% |
| 2018 | 10.9 | 32.61% |
| 2017 | 8.21 | -223.5% |
| 2016 | -6.65 | -202.22% |
| 2015 | 6.51 | -26.54% |
| 2014 | 8.86 | -69.93% |
| 2013 | 29.5 | -50.71% |
| 2012 | 59.8 |
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.