P/E ratio for Heidelbergcement India (HEIDELBERG.NS)
P/E ratio as of May 2024 (TTM): 44.6
According to Heidelbergcement India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 44.5683. At the end of 2022 the company had a P/E ratio of 26.9.
P/E ratio history for Heidelbergcement India from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.9 | 56.64% |
| 2021 | 17.2 | -19.34% |
| 2020 | 21.3 | 41.17% |
| 2019 | 15.1 | -6.7% |
| 2018 | 16.2 | -44.48% |
| 2017 | 29.1 | -25.18% |
| 2016 | 38.9 | |
| 2014 | 36.0 | -272.38% |
| 2013 | -20.9 | -150.06% |
| 2012 | 41.7 |
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.