P/E ratio for East India Distilleries Parry (EIDPARRY.NS)
P/E ratio as of April 2024 (TTM): 14.1
According to East India Distilleries Parry's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.0682. At the end of 2022 the company had a P/E ratio of 9.42.
P/E ratio history for East India Distilleries Parry from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.42 | -29.58% |
| 2021 | 13.4 | 34.31% |
| 2020 | 9.96 | 30.83% |
| 2019 | 7.61 | -98.56% |
| 2018 | 530 | 3773.43% |
| 2017 | 13.7 | 44.41% |
| 2016 | 9.47 | -114.51% |
| 2015 | -65.3 | -370.26% |
| 2014 | 24.2 | -113.55% |
| 2013 | -178 | -1442.47% |
| 2012 | 13.3 |
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.