P/E ratio for Fairfax India Holdings (FIH-U.TO)
P/E ratio as of June 2023 (TTM): 8.27
According to Fairfax India Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.2716. At the end of 2021 the company had a P/E ratio of 3.79.
P/E ratio history for Fairfax India Holdings from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.79 | -110.54% |
| 2020 | -35.9 | -1041.31% |
| 2019 | 3.82 | -81.59% |
| 2018 | 20.7 | 328.42% |
| 2017 | 4.84 | -57.69% |
| 2016 | 11.4 | -52.21% |
| 2015 | 23.9 |
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.