Orient Electric
ORIENTELEC.NS
#6444
Rank
โ‚ฌ0.54 B
Marketcap
2,54ย โ‚ฌ
Share price
0.14%
Change (1 day)
4.18%
Change (1 year)

P/E ratio for Orient Electric (ORIENTELEC.NS)

P/E ratio as of November 2024 (TTM): 61.4

According to Orient Electric 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 61.377. At the end of 2022 the company had a P/E ratio of 56.0.

P/E ratio history for Orient Electric from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202256.0-1.4%
202156.810.64%
202051.34.76%
201949.023.47%
201839.7

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.