P/E ratio for CG Power and Industrial Solutions (CGPOWER.NS)
P/E ratio as of September 2023 (TTM): 64.1
According to CG Power and Industrial Solutions's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 64.1068. At the end of 2018 the company had a P/E ratio of -3.34.
P/E ratio history for CG Power and Industrial Solutions from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2018 | -3.34 | -41.03% |
| 2017 | -5.66 | -77.96% |
| 2016 | -25.7 |
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.