P/E ratio for Honda Siel Power Products (HONDAPOWER.NS)
P/E ratio as of May 2024 (TTM): 28.8
According to Honda Siel Power Products's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.8285. At the end of 2022 the company had a P/E ratio of 23.8.
P/E ratio history for Honda Siel Power Products from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.8 | 33.25% |
| 2021 | 17.9 | -35.66% |
| 2020 | 27.7 | 61.79% |
| 2019 | 17.1 | -9.85% |
| 2018 | 19.0 | -25.8% |
| 2017 | 25.6 | 2.82% |
| 2016 | 24.9 | -14.11% |
| 2015 | 29.0 | -4.88% |
| 2014 | 30.5 | 12.41% |
| 2013 | 27.1 | 5.65% |
| 2012 | 25.7 |
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.