Kirloskar Ferrous Industries
KIRLFER.NS
#5722
Rank
HK$7.05 B
Marketcap
HK$42.42
Share price
1.74%
Change (1 day)
0.20%
Change (1 year)

P/E ratio for Kirloskar Ferrous Industries (KIRLFER.NS)

P/E ratio as of November 2024 (TTM): 16.5

According to Kirloskar Ferrous Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.5476. At the end of 2022 the company had a P/E ratio of 15.7.

P/E ratio history for Kirloskar Ferrous Industries from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202215.7-180.53%
2021-19.5-326.34%
20208.62-19.3%
201910.7

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.