According to Eicher Motors's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 43.6166. At the end of 2022 the company had a P/E ratio of 33.7.
Year | P/E ratio | Change |
---|---|---|
2022 | 33.7 | -24.25% |
2021 | 44.5 | -27.58% |
2020 | 61.4 | 62.1% |
2019 | 37.9 | 27.24% |
2018 | 29.8 | -28.33% |
2017 | 41.6 | 8.17% |
2016 | 38.4 | -1.01% |
2015 | 38.8 | 1269.87% |
2014 | 2.83 | -91.69% |
2013 | 34.1 | 40.98% |
2012 | 24.2 |
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.