Rural Electrification Corp
RECLTD.NS
#1153
Rank
ยฃ12.66 B
Marketcap
ยฃ4.80
Share price
-0.17%
Change (1 day)
20.83%
Change (1 year)

P/E ratio for Rural Electrification Corp (RECLTD.NS)

P/E ratio as of December 2024 (TTM): 10.3

According to Rural Electrification Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.3069. At the end of 2022 the company had a P/E ratio of 2.95.

P/E ratio history for Rural Electrification Corp from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20222.959.48%
20212.69-30.96%
20203.90-20.61%
20194.91

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.