Tejas Networks
TEJASNET.NS
#3850
Rank
C$3.64 B
Marketcap
$20.76
Share price
3.35%
Change (1 day)
52.18%
Change (1 year)

P/E ratio for Tejas Networks (TEJASNET.NS)

P/E ratio as of December 2024 (TTM): -392

According to Tejas Networks 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -392.32. At the end of 2022 the company had a P/E ratio of -95.6.

P/E ratio history for Tejas Networks from 2017 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-95.6-160.92%
2021157-1622.77%
2020-10.3-12.51%
2019-11.8-187.55%
201813.5-40.48%
201722.6

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.