P/E ratio for BLS International (BLS.NS)
P/E ratio as of May 2024 (TTM): 53.5
According to BLS International 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 53.5322. At the end of 2022 the company had a P/E ratio of 40.7.
P/E ratio history for BLS International from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 40.7 | 108.98% |
| 2021 | 19.5 | -20.04% |
| 2020 | 24.4 | 115.91% |
| 2019 | 11.3 | -0.27% |
| 2018 | 11.3 | -61% |
| 2017 | 29.0 | -46.81% |
| 2016 | 54.5 |
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.