P/E ratio for Godrej (GODREJCP.NS)
P/E ratio as of April 2024 (TTM): 68.6
According to Godrej's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 68.6362. At the end of 2022 the company had a P/E ratio of 55.4.
P/E ratio history for Godrej from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 55.4 | -0.01% |
| 2021 | 55.4 | 16.08% |
| 2020 | 47.8 | 50.26% |
| 2019 | 31.8 | -22.38% |
| 2018 | 40.9 | -14.41% |
| 2017 | 47.8 | -3.12% |
| 2016 | 49.4 | 6.77% |
| 2015 | 46.2 | 22.56% |
| 2014 | 37.7 | 10.85% |
| 2013 | 34.0 | -8.51% |
| 2012 | 37.2 |
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.