According to Ma'aden's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 38.9275. At the end of 2023 the company had a P/E ratio of 116.
Year | P/E ratio | Change |
---|---|---|
2023 | 116 | 557.32% |
2022 | 17.6 | -4.83% |
2021 | 18.5 | -107.67% |
2020 | -241 | 238.33% |
2019 | -71.4 | -330.37% |
2018 | 31.0 | -63.52% |
2017 | 84.9 | -102.17% |
2016 | < -1000 | -6165.46% |
2015 | 64.6 | 182.27% |
2014 | 22.9 | 31.81% |
2013 | 17.4 | -38.07% |
2012 | 28.1 | -50.11% |
2011 | 56.2 | -102.58% |
2010 | < -1000 |
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.