P/E ratio for Bajaj Electricals (BAJAJELEC.NS)
P/E ratio as of April 2024 (TTM): 50.9
According to Bajaj Electricals 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 50.872. At the end of 2022 the company had a P/E ratio of 65.6.
P/E ratio history for Bajaj Electricals from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 65.6 | -35.54% |
| 2021 | 102 | 96.71% |
| 2020 | 51.7 | -77.82% |
| 2019 | 233 | 527.66% |
| 2018 | 37.2 | |
| 2016 | 22.2 | 13.35% |
| 2015 | 19.6 | -165.03% |
| 2014 | -30.2 | -108.21% |
| 2013 | 367 | 1693.22% |
| 2012 | 20.5 |
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.