P/E ratio for eClerx Services (ECLERX.NS)
P/E ratio as of May 2024 (TTM): 23.5
According to eClerx Services's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.5069. At the end of 2022 the company had a P/E ratio of 12.9.
P/E ratio history for eClerx Services from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.9 | -42% |
| 2021 | 22.3 | 69.22% |
| 2020 | 13.1 | 35.75% |
| 2019 | 9.69 | -44.28% |
| 2018 | 17.4 | -17.51% |
| 2017 | 21.1 | 41.92% |
| 2016 | 14.9 | -25.08% |
| 2015 | 19.8 | 25.29% |
| 2014 | 15.8 | 22.74% |
| 2013 | 12.9 |
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.