P/E ratio for Coromandel (COROMANDEL.NS)
P/E ratio as of April 2024 (TTM): 17.1
According to Coromandel's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.06. At the end of 2022 the company had a P/E ratio of 12.7.
P/E ratio history for Coromandel from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.7 | -20.34% |
| 2021 | 15.9 | -8.14% |
| 2020 | 17.3 | 4.72% |
| 2019 | 16.5 | -14.11% |
| 2018 | 19.3 | 10.21% |
| 2017 | 17.5 | -12.88% |
| 2016 | 20.1 | 22.11% |
| 2015 | 16.4 | -23.87% |
| 2014 | 21.6 | -8.48% |
| 2013 | 23.6 | 54.49% |
| 2012 | 15.3 |
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.