P/E ratio for Colgate-Palmolive India (COLPAL.NS)
P/E ratio as of May 2024 (TTM): 64.7
According to Colgate-Palmolive India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 64.7473. At the end of 2022 the company had a P/E ratio of 39.6.
P/E ratio history for Colgate-Palmolive India from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 39.6 | 5.21% |
| 2021 | 37.7 | -18.16% |
| 2020 | 46.0 | -6.31% |
| 2019 | 49.1 | 3.07% |
| 2018 | 47.7 | -0.37% |
| 2017 | 47.8 | 12.42% |
| 2016 | 42.5 | -3.25% |
| 2015 | 44.0 | -4.46% |
| 2014 | 46.0 | 32.75% |
| 2013 | 34.7 | -17.93% |
| 2012 | 42.3 |
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.