Asian Granito India
ASIANTILES.NS
#6346
Rank
$86.47 M
Marketcap
$0.69
Share price
2.95%
Change (1 day)
-66.83%
Change (1 year)

P/E ratio for Asian Granito India (ASIANTILES.NS)

P/E ratio as of September 2022 (TTM): 3.30

According to Asian Granito India 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.29951. At the end of 2018 the company had a P/E ratio of 26.8.

P/E ratio history for Asian Granito India from 2013 to 2021

PE ratio at the end of each year

Year P/E ratio Change
201826.8-50.35%
201753.9117%
201624.9

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.