Amwaj International Company’s (TADAWUL:9537) Share Price Not Quite Adding Up
Amwaj International Company’s (TADAWUL:9537) price-to-earnings (or “P/E”) ratio of 32.6x might make it look like a strong sell right now compared to the market in Saudi Arabia, where around half of the companies have P/E ratios below 20x and even P/E’s below 13x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
For example, consider that Amwaj International’s financial performance has been poor lately as its earnings have been in decline. It…
