P/E ratio for Allcargo Logistics (ALLCARGO.NS)
P/E ratio as of April 2024 (TTM): 3.68
According to Allcargo Logistics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.6816. At the end of 2022 the company had a P/E ratio of 11.5.
P/E ratio history for Allcargo Logistics from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.5 | -11.86% |
| 2021 | 13.1 | -31.85% |
| 2020 | 19.2 | 100.85% |
| 2019 | 9.55 | -37.57% |
| 2018 | 15.3 | -35.47% |
| 2017 | 23.7 | 22.09% |
| 2016 | 19.4 | -9.78% |
| 2015 | 21.5 | 1.8% |
| 2014 | 21.1 | 119.83% |
| 2013 | 9.62 |
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.