According to Asian Granito India 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -10.1102. At the end of 2022 the company had a P/E ratio of -73.7.
Year | P/E ratio | Change |
---|---|---|
2022 | -73.7 | -1199.55% |
2021 | 6.70 | -76.65% |
2020 | 28.7 | 12.56% |
2019 | 25.5 | -4.77% |
2018 | 26.8 | -49.34% |
2017 | 52.9 | 125.2% |
2016 | 23.5 | |
2013 | 10.9 |
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.