P/E ratio for Adani Power (ADANIPOWER.NS)
P/E ratio as of April 2024 (TTM): 11.7
According to Adani Power's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7082. At the end of 2022 the company had a P/E ratio of 14.5.
P/E ratio history for Adani Power from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.5 | -170.46% |
| 2021 | -20.5 | 98.24% |
| 2020 | -10.4 | -71.33% |
| 2019 | -36.1 | 341.2% |
| 2018 | -8.19 | 233.23% |
| 2017 | -2.46 | -97.22% |
| 2016 | -88.4 | -349.39% |
| 2015 | 35.4 | 202.4% |
| 2014 | 11.7 | -483.33% |
| 2013 | -3.06 | -56.35% |
| 2012 | -7.00 |
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.