P/E ratio for Deepak Nitrite (DEEPAKNTR.NS)
P/E ratio as of March 2023 (TTM): 24.8
According to Deepak Nitrite's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.7796. At the end of 2022 the company had a P/E ratio of 28.3.
P/E ratio history for Deepak Nitrite from 2013 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 28.3 | -0.85% |
| 2021 | 28.6 | 250.94% |
| 2020 | 8.15 | -61.89% |
| 2019 | 21.4 | -50.65% |
| 2018 | 43.3 | 235.44% |
| 2017 | 12.9 | 11.81% |
| 2016 | 11.5 | -11.81% |
| 2015 | 13.1 | 6.92% |
| 2014 | 12.2 | 62.75% |
| 2013 | 7.52 | 15.67% |
| 2012 | 6.50 | -9.02% |
| 2011 | 7.15 |
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.