Hindustan Aeronautics
HAL.NS
#724
Rank
$26.70 B
Marketcap
$39.93
Share price
1.45%
Change (1 day)
25.05%
Change (1 year)

P/E ratio for Hindustan Aeronautics (HAL.NS)

P/E ratio as of March 2024 (TTM): 24.4

According to Hindustan Aeronautics's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.4341. At the end of 2022 the company had a P/E ratio of 18.4.

P/E ratio history for Hindustan Aeronautics from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202218.418.79%
202115.511.84%
202013.816.88%
201911.8

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.