P/E ratio for Cigniti Technologies (CIGNITITEC.NS)
P/E ratio as of April 2024 (TTM): 19.6
According to Cigniti Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.5658. At the end of 2022 the company had a P/E ratio of 10.2.
P/E ratio history for Cigniti Technologies from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.2 | -36.61% |
| 2021 | 16.2 | 63.99% |
| 2020 | 9.86 | 50.18% |
| 2019 | 6.56 | -5.57% |
| 2018 | 6.95 | -455.75% |
| 2017 | -1.95 | -104% |
| 2016 | 48.9 | 70.47% |
| 2015 | 28.7 | -9.91% |
| 2014 | 31.8 |
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.