P/E ratio for Delta Corp (DELTACORP.NS)
P/E ratio as of April 2024 (TTM): 12.0
According to Delta Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.0442. At the end of 2022 the company had a P/E ratio of 22.0.
P/E ratio history for Delta Corp from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.0 | -75.61% |
| 2021 | 90.3 | -211.31% |
| 2020 | -81.1 | -422.42% |
| 2019 | 25.2 | -31.03% |
| 2018 | 36.5 | -43.21% |
| 2017 | 64.3 | 128.99% |
| 2016 | 28.1 | -82.52% |
| 2015 | 161 | -299.74% |
| 2014 | -80.4 | -191.17% |
| 2013 | 88.1 | 199.19% |
| 2012 | 29.5 |
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.