P/E ratio for Chennai Petroleum (CHENNPETRO.NS)
P/E ratio as of April 2024 (TTM): 4.71
According to Chennai Petroleum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.70517. 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 |
|---|---|---|
| 2022 | 0.8747 | -66.12% |
| 2021 | 2.58 | -361.64% |
| 2020 | -0.9868 | -75.51% |
| 2019 | -4.03 | -100.1% |
| 2018 | > 1000 | |
| 2015 | 3.52 | -218.69% |
| 2014 | -2.97 | 113.63% |
| 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.