P/E ratio for ACC (ACC.NS)
P/E ratio as of May 2024 (TTM): 46.8
According to ACC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 46.8473. At the end of 2021 the company had a P/E ratio of 22.3.
P/E ratio history for ACC from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 22.3 | 5.16% |
| 2020 | 21.2 | 2.06% |
| 2019 | 20.8 | 11.73% |
| 2018 | 18.6 | -47.04% |
| 2017 | 35.2 | -7.34% |
| 2016 | 38.0 | -12.69% |
| 2015 | 43.5 | 92.12% |
| 2014 | 22.6 | 18.98% |
| 2013 | 19.0 | -25.08% |
| 2012 | 25.4 |
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.