Deepak Nitrite
DEEPAKNTR.NS
#2835
Rank
$3.52 B
Marketcap
$25.82
Share price
0.19%
Change (1 day)
-8.63%
Change (1 year)

P/E ratio for Deepak Nitrite (DEEPAKNTR.NS)

P/E ratio as of November 2022 (TTM): 25.7

According to Deepak Nitrite's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.6527. 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
202228.3-0.85%
202128.6250.94%
20208.15-61.89%
201921.4-50.65%
201843.3235.44%
201712.911.81%
201611.5-11.81%
201513.16.92%
201412.262.75%
20137.5215.67%
20126.50-9.02%
20117.15

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.