P/E ratio for Bajaj Holdings & Investment (BAJAJHLDNG.NS)
P/E ratio as of April 2024 (TTM): 16.2
According to Bajaj Holdings & Investment's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.1825. At the end of 2022 the company had a P/E ratio of 13.9.
P/E ratio history for Bajaj Holdings & Investment from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.9 | -10.45% |
| 2021 | 15.5 | 38.62% |
| 2020 | 11.2 | 0.92% |
| 2019 | 11.1 | 3.23% |
| 2018 | 10.7 | -15.64% |
| 2017 | 12.7 | -51.46% |
| 2016 | 26.2 | 216% |
| 2015 | 8.30 | 11.22% |
| 2014 | 7.46 | 55.55% |
| 2013 | 4.80 | -19.87% |
| 2012 | 5.98 |
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.