P/E ratio for Hindustan Zinc (HINDZINC.NS)
P/E ratio as of April 2024 (TTM): 20.9
According to Hindustan Zinc 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.9122. At the end of 2022 the company had a P/E ratio of 13.5.
P/E ratio history for Hindustan Zinc from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.5 | -7.52% |
| 2021 | 14.6 | -1.26% |
| 2020 | 14.8 | 24.66% |
| 2019 | 11.8 | -14.99% |
| 2018 | 13.9 | 4.85% |
| 2017 | 13.3 | -8.85% |
| 2016 | 14.6 | 88.99% |
| 2015 | 7.71 | -13.65% |
| 2014 | 8.93 | 22.09% |
| 2013 | 7.32 | -21.78% |
| 2012 | 9.35 |
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.