Adani Enterprises
ADANIENT.NS
#494
Rank
$42.12 B
Marketcap
$36.95
Share price
0.12%
Change (1 day)
26.69%
Change (1 year)

P/E ratio for Adani Enterprises (ADANIENT.NS)

P/E ratio as of October 2024 (TTM): 142

According to Adani Enterprises's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 141.888. At the end of 2022 the company had a P/E ratio of 212.

P/E ratio history for Adani Enterprises from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022212-20.43%
2021266279.23%
202070.2317.2%
201916.8-40.94%
201828.5126.44%
201712.6144.97%
20165.1465.49%
20153.1053.67%
20142.02-106.98%
2013-28.9-1015.88%
20123.16

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.