Adani Total Gas
ATGL.NS
#325
Rank
$49.00 B
Marketcap
$44.47
Share price
-0.56%
Change (1 day)
108.58%
Change (1 year)

P/E ratio for Adani Total Gas (ATGL.NS)

P/E ratio as of December 2022 (TTM): 643

According to Adani Total Gas's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 642.701. At the end of 2022 the company had a P/E ratio of 459.

P/E ratio history for Adani Total Gas from 2018 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2022459112.09%
2021216926.25%
202021.1-67.15%
201964.2

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.