Larsen & Toubro
LT.NS
#343
Rank
HK$464.13 B
Marketcap
HK$337.52
Share price
0.38%
Change (1 day)
21.31%
Change (1 year)
Larsen & Toubro also known as L&T is an Indian technology, construction and engineering conglomerate.

P/E ratio for Larsen & Toubro (LT.NS)

P/E ratio as of November 2024 (TTM): 41.0

According to Larsen & Toubro 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.0434. At the end of 2022 the company had a P/E ratio of 29.0.

P/E ratio history for Larsen & Toubro from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202229.0-9.14%
202131.9102.85%
202015.7-15.58%
201918.6-19.94%
201823.3-4.64%
201724.43.97%
201623.5-21.41%
201529.919.4%
201425.0

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.