According to Arvind 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.9806. At the end of 2022 the company had a P/E ratio of 5.97.
Year | P/E ratio | Change |
---|---|---|
2022 | 5.97 | -60.51% |
2021 | 15.1 | -202.15% |
2020 | -14.8 | -346.26% |
2019 | 6.01 | -35.5% |
2018 | 9.31 | -37.25% |
2017 | 14.8 | 36.01% |
2016 | 10.9 | -17.63% |
2015 | 13.3 | 89.84% |
2014 | 6.98 | 79.8% |
2013 | 3.88 | -2.51% |
2012 | 3.98 |
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.