P/E ratio for Bajaj Electricals (BAJAJELEC.NS)
P/E ratio as of June 2023 (TTM): 60.1
According to Bajaj Electricals 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 60.0508. At the end of 2022 the company had a P/E ratio of 95.7.
P/E ratio history for Bajaj Electricals from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 95.7 | 61.62% |
| 2021 | 59.2 | -119.55% |
| 2020 | -303 | -940.28% |
| 2019 | 36.0 | -48.4% |
| 2018 | 69.8 | 119.92% |
| 2017 | 31.8 | 56.53% |
| 2016 | 20.3 | -112.31% |
| 2015 | -165 | -69.12% |
| 2014 | -534 | -1689.29% |
| 2013 | 33.6 | 103.07% |
| 2012 | 16.5 | -3.64% |
| 2011 | 17.2 | 0.2% |
| 2010 | 17.1 | 508.95% |
| 2009 | 2.81 | -96.16% |
| 2008 | 73.3 |
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.