Azure Power
AZREF
#7517
Rank
$83.4 M
Marketcap
$1.30
Share price
0.00%
Change (1 day)
-38.10%
Change (1 year)

P/E ratio for Azure Power (AZREF)

P/E ratio as of March 2024 (TTM): -1.53

According to Azure Power 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.53077. At the end of 2020 the company had a P/E ratio of -80.8.

P/E ratio history for Azure Power from 2016 to 2021

PE ratio at the end of each year

Year P/E ratio Change
2020-80.8258.32%
2019-22.6-95.87%
2018-5462899.05%
2017-18.259.78%
2016-11.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
17.6-1,248.72%๐Ÿ‡บ๐Ÿ‡ธ USA
20.9-1,466.75%๐Ÿ‡บ๐Ÿ‡ธ USA

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.