P/E ratio for Foseco India (FOSECOIND.NS)
P/E ratio as of May 2024 (TTM): 49.2
According to Foseco India 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 49.24. At the end of 2021 the company had a P/E ratio of 27.8.
P/E ratio history for Foseco India from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 27.8 | -48.81% |
| 2020 | 54.3 | 124.46% |
| 2019 | 24.2 | -15.15% |
| 2018 | 28.5 | -29.5% |
| 2017 | 40.4 | 66.43% |
| 2016 | 24.3 | -14.52% |
| 2015 | 28.4 | -12.24% |
| 2014 | 32.4 | 78.4% |
| 2013 | 18.1 | 10.95% |
| 2012 | 16.4 |
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.