P/E ratio for Apollo Tyres (APOLLOTYRE.NS)
P/E ratio as of April 2024 (TTM): 23.5
According to Apollo Tyres's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.5209. At the end of 2022 the company had a P/E ratio of 26.5.
P/E ratio history for Apollo Tyres from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.5 | 56.2% |
| 2021 | 17.0 | -80.66% |
| 2020 | 87.7 | 351% |
| 2019 | 19.4 | 21.79% |
| 2018 | 16.0 | -21.08% |
| 2017 | 20.2 | 145.62% |
| 2016 | 8.24 | 19.27% |
| 2015 | 6.91 | -41.74% |
| 2014 | 11.9 | 89.85% |
| 2013 | 6.24 | -12.66% |
| 2012 | 7.15 |
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.