P/E ratio for Hindustan Media Ventures (HMVL.NS)
P/E ratio as of April 2024 (TTM): -74.9
According to Hindustan Media Ventures's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -74.8802. At the end of 2022 the company had a P/E ratio of -8.50.
P/E ratio history for Hindustan Media Ventures from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -8.50 | -195.86% |
| 2021 | 8.86 | 55.53% |
| 2020 | 5.70 | 19.29% |
| 2019 | 4.78 | |
| 2017 | 10.5 | 2.96% |
| 2016 | 10.2 | -18.41% |
| 2015 | 12.5 | 1.63% |
| 2014 | 12.3 | 59.08% |
| 2013 | 7.74 |
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.