P/E ratio for Asian Paints (ASIANPAINT.NS)
P/E ratio as of April 2024 (TTM): 53.7
According to Asian Paints 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 53.6609. At the end of 2022 the company had a P/E ratio of 79.6.
P/E ratio history for Asian Paints from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 79.6 | -25.63% |
| 2021 | 107 | 10.92% |
| 2020 | 96.5 | 52.93% |
| 2019 | 63.1 | 3.68% |
| 2018 | 60.8 | 12.03% |
| 2017 | 54.3 | 20.49% |
| 2016 | 45.1 | -11.34% |
| 2015 | 50.8 | -5.46% |
| 2014 | 53.8 | 35.31% |
| 2013 | 39.7 | 4.82% |
| 2012 | 37.9 |
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.