P/E ratio for Saudi Chemical Holding Company (2230.SR)
P/E ratio as of May 2024 (TTM): 76.6
According to Saudi Chemical Holding Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 76.5579. At the end of 2022 the company had a P/E ratio of 27.8.
P/E ratio history for Saudi Chemical Holding Company from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 27.8 | -31.96% |
| 2021 | 40.8 | 2.55% |
| 2020 | 39.8 | -35.33% |
| 2019 | 61.6 | 383.68% |
| 2018 | 12.7 | -10.33% |
| 2017 | 14.2 | -23.81% |
| 2016 | 18.6 | 27.26% |
| 2015 | 14.6 | 10.28% |
| 2014 | 13.3 | 14.18% |
| 2013 | 11.6 | 17.85% |
| 2012 | 9.87 | 6.78% |
| 2011 | 9.24 |
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.