Dr. Reddy's
RDY
#1380
Rank
$11.84 B
Marketcap
$71.14
Share price
0.32%
Change (1 day)
17.70%
Change (1 year)

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

P/E ratio as of April 2024 (TTM): 19.2

According to Dr. Reddy's's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.17. At the end of 2022 the company had a P/E ratio of 19.1.

P/E ratio history for Dr. Reddy's from 2002 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202219.1-33.03%
202128.5-31.57%
202041.744.76%
201928.815.87%
201824.8-38.85%
201740.6-22.84%
201652.6151.93%
201520.9-13.41%
201424.129.94%
201318.6-16.03%
201222.130.15%
201117.0-43.59%
201030.1-253.81%
2009-19.6-245.48%
200813.5-38.1%
200721.7-0.76%
200621.9-58.01%
200552.2-36.77%
200482.5100.2%
200341.230.8%
200231.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
25.2 31.61%๐Ÿ‡จ๐Ÿ‡ญ Switzerland
14.0-27.08%๐Ÿ‡บ๐Ÿ‡ธ USA
14.6-24.06%๐Ÿ‡ซ๐Ÿ‡ท France
11.4-40.77%๐Ÿ‡ฌ๐Ÿ‡ง UK
-6.43-133.54%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.