P/E ratio for Grindwell Norton (GRINDWELL.NS)
P/E ratio as of April 2025 (TTM): 44.3
According to Grindwell Norton's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 44.3267. At the end of 2022 the company had a P/E ratio of 56.1.
P/E ratio history for Grindwell Norton from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 56.1 | -24.35% |
| 2021 | 74.1 | 86.75% |
| 2020 | 39.7 | 15.89% |
| 2019 | 34.2 | -6.95% |
| 2018 | 36.8 | -14.98% |
| 2017 | 43.3 | 37.84% |
| 2016 | 31.4 | -34.8% |
| 2015 | 48.2 | 39.21% |
| 2014 | 34.6 | 101.43% |
| 2013 | 17.2 |
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.