P/E ratio for Ashoka Buildcon (ASHOKA.NS)
P/E ratio as of February 2023 (TTM): 3.05
According to Ashoka Buildcon 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.05012. At the end of 2022 the company had a P/E ratio of 3.09.
P/E ratio history for Ashoka Buildcon from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.09 | -69.86% |
| 2021 | 10.3 | 50.58% |
| 2020 | 6.82 | -106.23% |
| 2019 | -109 | 153.72% |
| 2018 | -43.1 | -88.23% |
| 2017 | -366 | -764.5% |
| 2016 | 55.1 | 62.88% |
| 2015 | 33.8 | 174.4% |
| 2014 | 12.3 | 1.14% |
| 2013 | 12.2 | 44.26% |
| 2012 | 8.45 | 19.79% |
| 2011 | 7.06 |
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.