P/E ratio for Adani Enterprises (ADANIENT.NS)
P/E ratio as of April 2024 (TTM): 144
According to Adani Enterprises's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 143.6. 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 |
|---|---|---|
| 2022 | 212 | -20.43% |
| 2021 | 266 | 279.23% |
| 2020 | 70.2 | 317.2% |
| 2019 | 16.8 | -40.94% |
| 2018 | 28.5 | 126.44% |
| 2017 | 12.6 | 144.97% |
| 2016 | 5.14 | 65.49% |
| 2015 | 3.10 | 53.67% |
| 2014 | 2.02 | -106.98% |
| 2013 | -28.9 | -1015.88% |
| 2012 | 3.16 |
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.