P/E ratio for 3M India (3MINDIA.NS)
P/E ratio as of May 2024 (TTM): 66.5
According to 3M India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 66.4876. At the end of 2022 the company had a P/E ratio of 58.0.
P/E ratio history for 3M India from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 58.0 | -53% |
| 2021 | 123 | -20.06% |
| 2020 | 154 | 107.34% |
| 2019 | 74.4 | 26.6% |
| 2018 | 58.8 | -16.6% |
| 2017 | 70.5 | 20.82% |
| 2016 | 58.4 | -21.2% |
| 2015 | 74.1 | -6.1% |
| 2014 | 78.9 | -25.77% |
| 2013 | 106 | 22.99% |
| 2012 | 86.4 |
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.