P/E ratio for Granules India (GRANULES.NS)
P/E ratio as of April 2024 (TTM): 23.4
According to Granules India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.3524. At the end of 2022 the company had a P/E ratio of 14.9.
P/E ratio history for Granules India from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.9 | -22.59% |
| 2021 | 19.3 | 10.85% |
| 2020 | 17.4 | 74.09% |
| 2019 | 10.0 | -15.17% |
| 2018 | 11.8 | -42.11% |
| 2017 | 20.4 | 28.37% |
| 2016 | 15.9 | -35.03% |
| 2015 | 24.4 | 39.09% |
| 2014 | 17.6 | 196.07% |
| 2013 | 5.93 |
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.