Cipla
CIPLA.NS
#1246
Rank
$14.36 B
Marketcap
$17.73
Share price
-1.61%
Change (1 day)
41.15%
Change (1 year)

P/E ratio for Cipla (CIPLA.NS)

P/E ratio as of July 2024 (TTM): 34.8

According to Cipla's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.752. 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
202232.910.93%
202129.70.38%
202029.527.84%
201923.1-26.06%
201831.3-25.68%
201742.1-10.31%
201646.953.94%
201530.5-28.47%
201442.685.72%
201322.9

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.