Fortis Healthcare
FORTIS.NS
#3087
Rank
$3.80 B
Marketcap
$5.04
Share price
1.69%
Change (1 day)
60.00%
Change (1 year)

P/E ratio for Fortis Healthcare (FORTIS.NS)

P/E ratio as of March 2024 (TTM): 53.9

According to Fortis Healthcare's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 53.8955. At the end of 2022 the company had a P/E ratio of 41.2.

P/E ratio history for Fortis Healthcare from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202241.2-2.52%
202142.2-171.02%
2020-59.5-289.35%
201931.4-672.21%
2018-5.49-89.09%
2017-50.3-332.46%
201621.6-73.93%
201583.0-428.76%
2014-25.2-134.72%
201372.7902.99%
20127.25

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.