P/E ratio for ABB India (ABB.NS)
P/E ratio as of May 2024 (TTM): 134
According to ABB India 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 133.647. At the end of 2022 the company had a P/E ratio of 55.9.
P/E ratio history for ABB India from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 55.9 | -38.58% |
| 2021 | 91.1 | -22.32% |
| 2020 | 117 | 30.6% |
| 2019 | 89.8 | 61.88% |
| 2018 | 55.4 | -21.49% |
| 2017 | 70.6 | 19.55% |
| 2016 | 59.1 | -25% |
| 2015 | 78.8 | -34.09% |
| 2014 | 120 | 45.83% |
| 2013 | 82.0 |
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.