Cholamandalam Investment and Finance
CHOLAFIN.NS
#1467
Rank
$11.65 B
Marketcap
$13.88
Share price
2.34%
Change (1 day)
55.78%
Change (1 year)

P/E ratio for Cholamandalam Investment and Finance (CHOLAFIN.NS)

P/E ratio as of March 2024 (TTM): 31.1

According to Cholamandalam Investment and Finance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.1172. At the end of 2022 the company had a P/E ratio of 23.8.

P/E ratio history for Cholamandalam Investment and Finance from 2011 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202223.8-4.6%
202124.93.05%
202024.232.69%
201918.29.99%
201816.6-26.99%
201722.76.64%
201621.315.06%
201518.58.59%
201417.078.81%
20139.53-23.29%
201212.434.91%
20119.21

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.