P/E ratio for Asahi India Glass (ASAHIINDIA.NS)
P/E ratio as of May 2024 (TTM): 42.1
According to Asahi India Glass's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 42.1393. At the end of 2022 the company had a P/E ratio of 30.0.
P/E ratio history for Asahi India Glass from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 30.0 | -23% |
| 2021 | 38.9 | -41.62% |
| 2020 | 66.7 | 102.48% |
| 2019 | 32.9 | 5.3% |
| 2018 | 31.3 | -44.18% |
| 2017 | 56.0 | 71.59% |
| 2016 | 32.7 | -32.41% |
| 2015 | 48.3 | 1475.15% |
| 2014 | 3.07 | -125.89% |
| 2013 | -11.8 | 34.02% |
| 2012 | -8.84 |
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.