P/E ratio for Cipla (CIPLA.NS)
P/E ratio as of April 2024 (TTM): 31.1
According to Cipla's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.1242. At the end of 2022 the company had a P/E ratio of 32.9.
P/E ratio history for Cipla from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 32.9 | 10.93% |
| 2021 | 29.7 | 0.38% |
| 2020 | 29.5 | 27.84% |
| 2019 | 23.1 | -26.06% |
| 2018 | 31.3 | -25.68% |
| 2017 | 42.1 | -10.31% |
| 2016 | 46.9 | 53.94% |
| 2015 | 30.5 | -28.47% |
| 2014 | 42.6 | 85.72% |
| 2013 | 22.9 |
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.