Dr. Reddy's
RDY
#1643
Rank
$8.85 B
Marketcap
$53.34
Share price
1.60%
Change (1 day)
-3.60%
Change (1 year)

P/E ratio for Dr. Reddy's (RDY)

P/E ratio as of January 2023 (TTM): 22.5

According to Dr. Reddy's's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.4506. At the end of 2021 the company had a P/E ratio of 28.5.

P/E ratio history for Dr. Reddy's from 2002 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202128.5-31.57%
202041.744.77%
201928.815.86%
201824.8-38.84%
201740.6-22.84%
201652.6151.93%
201520.9-13.41%
201424.129.94%
201318.6-9.9%
201220.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
9.14-59.28%๐Ÿ‡จ๐Ÿ‡ญ Switzerland
8.25-63.27%๐Ÿ‡บ๐Ÿ‡ธ USA
14.7-34.49%๐Ÿ‡ซ๐Ÿ‡ท France
4.46-80.11%๐Ÿ‡ฌ๐Ÿ‡ง UK
-8.95-139.86%๐Ÿ‡ฎ๐Ÿ‡ฑ Israel

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.