P/E ratio for Cyient (CYIENT.NS)
P/E ratio as of May 2024 (TTM): 29.4
According to Cyient 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.3799. At the end of 2022 the company had a P/E ratio of 17.5.
P/E ratio history for Cyient from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.5 | -26.27% |
| 2021 | 23.8 | 28.93% |
| 2020 | 18.4 | 92.26% |
| 2019 | 9.60 | -42.38% |
| 2018 | 16.7 | -6.4% |
| 2017 | 17.8 | 4.34% |
| 2016 | 17.1 | 11.18% |
| 2015 | 15.3 | -12.8% |
| 2014 | 17.6 | 15.55% |
| 2013 | 15.2 | 80.66% |
| 2012 | 8.42 |
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.