P/E ratio for Hinduja Global Solutions (HGS.NS)
P/E ratio as of April 2024 (TTM): 13.3
According to Hinduja Global Solutions's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.3338. At the end of 2022 the company had a P/E ratio of 1.15.
P/E ratio history for Hinduja Global Solutions from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 1.15 | -92.57% |
| 2021 | 15.5 | 63.54% |
| 2020 | 9.49 | 66.97% |
| 2019 | 5.68 | -25.65% |
| 2018 | 7.65 | -21.43% |
| 2017 | 9.73 | 49.56% |
| 2016 | 6.51 | -47.73% |
| 2015 | 12.4 | 49.07% |
| 2014 | 8.35 | 43.68% |
| 2013 | 5.81 | -23.55% |
| 2012 | 7.60 |
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.