P/E ratio for Hinduja Ventures (NXTDIGITAL.NS)
P/E ratio as of April 2024 (TTM): -2.81
According to Hinduja Ventures's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.80953. At the end of 2023 the company had a P/E ratio of > 1000.
P/E ratio history for Hinduja Ventures from 2019 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | > 1000 | -10453.02% |
| 2022 | -12.9 | -68.99% |
| 2021 | -41.5 | 2953.21% |
| 2020 | -1.36 | -58.24% |
| 2019 | -3.25 | -64.22% |
| 2018 | -9.09 | -57.38% |
| 2017 | -21.3 | 84.02% |
| 2016 | -11.6 | -124.41% |
| 2015 | 47.5 | -98.39% |
| 2014 | > 1000 | 25100.7% |
| 2013 | 11.7 | 44.01% |
| 2012 | 8.11 | 16.51% |
| 2011 | 6.96 | -42.62% |
| 2010 | 12.1 | 147.23% |
| 2009 | 4.90 | -64.98% |
| 2008 | 14.0 | 460.06% |
| 2007 | 2.50 | -94.33% |
| 2006 | 44.1 | 1397.04% |
| 2005 | 2.95 |
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.