According to Elgi Equipments 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 50.8547. At the end of 2022 the company had a P/E ratio of 48.5.
Year | P/E ratio | Change |
---|---|---|
2022 | 48.5 | -23.79% |
2021 | 63.6 | -21.39% |
2020 | 81.0 | 53.66% |
2019 | 52.7 | 20.39% |
2018 | 43.8 | -20.59% |
2017 | 55.1 | 41.55% |
2016 | 38.9 | -33.36% |
2015 | 58.4 | 29.7% |
2014 | 45.0 | 92.26% |
2013 | 23.4 | -2.27% |
2012 | 24.0 |
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.