P/E ratio for Britannia Industries (BRITANNIA.NS)
P/E ratio as of May 2024 (TTM): 49.2
According to Britannia Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 49.1771. At the end of 2022 the company had a P/E ratio of 48.4.
P/E ratio history for Britannia Industries from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 48.4 | -15.89% |
| 2021 | 57.6 | 25.37% |
| 2020 | 45.9 | -16.39% |
| 2019 | 54.9 | -17.42% |
| 2018 | 66.5 | 11.26% |
| 2017 | 59.8 | 50.58% |
| 2016 | 39.7 | -11.47% |
| 2015 | 44.8 | 27.82% |
| 2014 | 35.1 | 20.9% |
| 2013 | 29.0 |
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.