P/E ratio for Bajaj Finserv (BAJAJFINSV.NS)
P/E ratio as of April 2024 (TTM): 33.9
According to Bajaj Finserv's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.9344. At the end of 2022 the company had a P/E ratio of 41.2.
P/E ratio history for Bajaj Finserv from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 41.2 | -33.81% |
| 2021 | 62.2 | 61.79% |
| 2020 | 38.4 | 3.16% |
| 2019 | 37.3 | 10.8% |
| 2018 | 33.6 | 4.1% |
| 2017 | 32.3 | 57.45% |
| 2016 | 20.5 | 33.03% |
| 2015 | 15.4 | 25.25% |
| 2014 | 12.3 | 85.35% |
| 2013 | 6.64 | -24.05% |
| 2012 | 8.75 |
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.