P/E ratio for ESAB India (ESABINDIA.NS)
P/E ratio as of June 2024 (TTM): 54.3
According to ESAB India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 54.3041. At the end of 2022 the company had a P/E ratio of 55.3.
P/E ratio history for ESAB India from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 55.3 | -11.39% |
| 2021 | 62.4 | 22.85% |
| 2020 | 50.8 | 78.39% |
| 2019 | 28.5 | 1.58% |
| 2018 | 28.0 | -34.27% |
| 2017 | 42.7 | 68.69% |
| 2016 | 25.3 | |
| 2013 | 21.4 | 22.15% |
| 2012 | 17.5 |
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.