P/E ratio for Blue Dart Express (BLUEDART.NS)
P/E ratio as of May 2023 (TTM): 33.4
According to Blue Dart Express 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.3737. At the end of 2022 the company had a P/E ratio of 42.1.
P/E ratio history for Blue Dart Express from 2018 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 42.1 | -67.72% |
| 2021 | 130 | -205.18% |
| 2020 | -124 | -231.51% |
| 2019 | 94.2 | 52.34% |
| 2018 | 61.8 | -29.65% |
| 2017 | 87.9 | 16.84% |
| 2016 | 75.2 | -42.66% |
| 2015 | 131 | 86.35% |
| 2014 | 70.4 | |
| 2011 | 30.2 | 11.16% |
| 2010 | 27.2 | 4.93% |
| 2009 | 25.9 | 104.68% |
| 2008 | 12.7 | -50.62% |
| 2007 | 25.7 | 1.75% |
| 2006 | 25.2 | -15.89% |
| 2005 | 30.0 |
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.