According to Azure Power 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.294379. At the end of 2020 the company had a P/E ratio of -80.8.
Year | P/E ratio | Change |
---|---|---|
2020 | -80.8 | 258.32% |
2019 | -22.6 | -95.87% |
2018 | -546 | 2899.05% |
2017 | -18.2 | 59.78% |
2016 | -11.4 |
Company | P/E ratio | P/E ratio differencediff. | Country |
---|---|---|---|
23.3 | -8,026.92% | ๐บ๐ธ USA | |
19.6 | -6,743.88% | ๐บ๐ธ USA |
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.