P/E ratio for Godawari Power & Ispat (GPIL.NS)
P/E ratio as of April 2024 (TTM): 16.1
According to Godawari Power & Ispat's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.0804. At the end of 2022 the company had a P/E ratio of 4.72.
P/E ratio history for Godawari Power & Ispat from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.72 | 33.74% |
| 2021 | 3.53 | -81.77% |
| 2020 | 19.4 | 14.27% |
| 2019 | 17.0 | 21.24% |
| 2018 | 14.0 | -64.14% |
| 2017 | 39.0 | -815.62% |
| 2016 | -5.45 | -59.62% |
| 2015 | -13.5 | -179.45% |
| 2014 | 17.0 | 56.54% |
| 2013 | 10.9 | 1521.06% |
| 2012 | 0.6693 |
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.