P/E ratio for IDFC (IDFC.NS)
P/E ratio as of April 2024 (TTM): 4.72
According to IDFC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.71647. At the end of 2022 the company had a P/E ratio of 12.4.
P/E ratio history for IDFC from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.4 | -111% |
| 2021 | -113 | 1079.73% |
| 2020 | -9.54 | 60.35% |
| 2019 | -5.95 | -55.98% |
| 2018 | -13.5 | -196.94% |
| 2017 | 13.9 | 12.54% |
| 2016 | 12.4 | -206.01% |
| 2015 | -11.7 | -256.15% |
| 2014 | 7.48 | 210.7% |
| 2013 | 2.41 | -68.71% |
| 2012 | 7.70 |
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.