Chennai Petroleum
CHENNPETRO.NS
#4340
Rank
$1.73 B
Marketcap
$11.62
Share price
0.18%
Change (1 day)
145.12%
Change (1 year)

P/E ratio for Chennai Petroleum (CHENNPETRO.NS)

P/E ratio as of June 2024 (TTM): 4.90

According to Chennai Petroleum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.89916. At the end of 2022 the company had a P/E ratio of 0.8747.

P/E ratio history for Chennai Petroleum from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20220.8747-66.12%
20212.58-361.64%
2020-0.9868-75.51%
2019-4.03-100.1%
2018> 1000
20153.52-218.69%
2014-2.97113.63%
2013-1.39-14.4%
2012-1.62

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.