P/E ratio for Himatsingka Seide (HIMATSEIDE.NS)
P/E ratio as of May 2024 (TTM): 65.4
According to Himatsingka Seide's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 65.4218. At the end of 2022 the company had a P/E ratio of -10.4.
P/E ratio history for Himatsingka Seide from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -10.4 | -171.65% |
| 2021 | 14.5 | -271.33% |
| 2020 | -8.48 | -190.58% |
| 2019 | 9.37 | -11.32% |
| 2018 | 10.6 | -47.24% |
| 2017 | 20.0 | -4.79% |
| 2016 | 21.0 | 23.72% |
| 2015 | 17.0 | 58.32% |
| 2014 | 10.7 | 46.49% |
| 2013 | 7.33 | -32.64% |
| 2012 | 10.9 |
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.