According to Riyad Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.68233. At the end of 2024 the company had a P/E ratio of 9.45.
Year | P/E ratio | Change |
---|---|---|
2024 | 9.45 | -15.18% |
2023 | 11.1 | -18.45% |
2022 | 13.7 | 1.34% |
2021 | 13.5 | 3.26% |
2020 | 13.1 | 3.73% |
2019 | 12.6 | -34.91% |
2018 | 19.3 | 103.9% |
2017 | 9.48 | -9.24% |
2016 | 10.5 | 14.7% |
2015 | 9.11 | -23.19% |
2014 | 11.9 | 8.74% |
2013 | 10.9 | 9.57% |
2012 | 9.96 |
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.