P/E ratio for Balaji Telefilms (BALAJITELE.NS)
P/E ratio as of April 2024 (TTM): -312
According to Balaji Telefilms 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -312.137. At the end of 2022 the company had a P/E ratio of -5.91.
P/E ratio history for Balaji Telefilms from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -5.91 | 31.49% |
| 2021 | -4.50 | -35.51% |
| 2020 | -6.97 | -10.89% |
| 2019 | -7.83 | -10.94% |
| 2018 | -8.79 | -86.08% |
| 2017 | -63.1 | 342.92% |
| 2016 | -14.3 | -134.45% |
| 2015 | 41.4 | -379.3% |
| 2014 | -14.8 | -153.04% |
| 2013 | 27.9 |
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.