CG Power and Industrial Solutions
CGPOWER.NS
#1653
Rank
$9.91 B
Marketcap
$6.49
Share price
-1.39%
Change (1 day)
84.38%
Change (1 year)

P/E ratio for CG Power and Industrial Solutions (CGPOWER.NS)

P/E ratio as of March 2024 (TTM): 74.3

According to CG Power and Industrial Solutions's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 74.3044. At the end of 2022 the company had a P/E ratio of 62.9.

P/E ratio history for CG Power and Industrial Solutions from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202262.9333.85%
202114.5268.93%
20203.93-1293.47%
2019-0.3291-89.45%
2018-3.12-44.88%
2017-5.66-78.63%
2016-26.5378.15%
2015-5.54-163.99%
20148.65-37.13%
201313.8-79.44%
201266.9

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.