P/E ratio for Grasim Industries (GRASIM.NS)
P/E ratio as of April 2024 (TTM): 23.4
According to Grasim Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.447. At the end of 2022 the company had a P/E ratio of 13.7.
P/E ratio history for Grasim Industries from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.7 | -16.3% |
| 2021 | 16.4 | 10.9% |
| 2020 | 14.8 | 23.16% |
| 2019 | 12.0 | -71.1% |
| 2018 | 41.6 | 89.46% |
| 2017 | 22.0 | 119.73% |
| 2016 | 9.99 | -34.67% |
| 2015 | 15.3 | 21.69% |
| 2014 | 12.6 | 43.88% |
| 2013 | 8.73 | 4.53% |
| 2012 | 8.36 |
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.