P/E ratio for Hyderabad Industries Limited (HIL.NS)
P/E ratio as of May 2024 (TTM): 18.5
According to Hyderabad Industries Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.4832. At the end of 2022 the company had a P/E ratio of 13.6.
P/E ratio history for Hyderabad Industries Limited from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.6 | -9.76% |
| 2021 | 15.1 | 81.61% |
| 2020 | 8.32 | -0.23% |
| 2019 | 8.34 | -42.46% |
| 2018 | 14.5 | -14.8% |
| 2017 | 17.0 | 97.11% |
| 2016 | 8.63 | -9.64% |
| 2015 | 9.55 | 13.5% |
| 2014 | 8.42 | -47.5% |
| 2013 | 16.0 |
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.