P/E ratio for Astral Poly Technik (ASTRAL.NS)
P/E ratio as of April 2024 (TTM): 98.5
According to Astral Poly Technik 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 98.5442. At the end of 2022 the company had a P/E ratio of 101.
P/E ratio history for Astral Poly Technik from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 101 | 13.91% |
| 2021 | 88.7 | -7.21% |
| 2020 | 95.6 | 39.65% |
| 2019 | 68.5 | 0.51% |
| 2018 | 68.1 | 12.58% |
| 2017 | 60.5 | 59.34% |
| 2016 | 38.0 | -35.93% |
| 2015 | 59.3 |
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.