P/E ratio for DCM Shriram (DCMSHRIRAM.NS)
P/E ratio as of April 2024 (TTM): 23.1
According to DCM Shriram's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.0998. At the end of 2022 the company had a P/E ratio of 12.5.
P/E ratio history for DCM Shriram from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.5 | -25.21% |
| 2021 | 16.7 | 73.84% |
| 2020 | 9.58 | 25.47% |
| 2019 | 7.63 | -6.29% |
| 2018 | 8.15 | -29.67% |
| 2017 | 11.6 | 49.98% |
| 2016 | 7.72 | -29.39% |
| 2015 | 10.9 | 40.99% |
| 2014 | 7.76 | 103.3% |
| 2013 | 3.82 |
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.