P/E ratio for Central Bank of India (CENTRALBK.NS)
P/E ratio as of May 2024 (TTM): 22.4
According to Central Bank of India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.415. At the end of 2023 the company had a P/E ratio of 12.6.
P/E ratio history for Central Bank of India from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 12.6 | -17.35% |
| 2022 | 15.2 | -261.84% |
| 2021 | -9.39 | 108.82% |
| 2020 | -4.50 | 151.15% |
| 2019 | -1.79 | -32.77% |
| 2018 | -2.66 | -65.75% |
| 2017 | -7.78 | -12.56% |
| 2016 | -8.90 | -139.79% |
| 2015 | 22.4 | -579.48% |
| 2014 | -4.66 | -181.21% |
| 2013 | 5.74 | -59.01% |
| 2012 | 14.0 | 150.05% |
| 2011 | 5.60 | 5.3% |
| 2010 | 5.32 | 117.22% |
| 2009 | 2.45 | -55.52% |
| 2008 | 5.51 |
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.