P/E ratio for IFB Industries (IFBIND.NS)
P/E ratio as of May 2024 (TTM): 429
According to IFB Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 428.82. At the end of 2022 the company had a P/E ratio of < -1000.
P/E ratio history for IFB Industries from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | < -1000 | 162.2% |
| 2021 | -405 | -407.81% |
| 2020 | 131 | 154.35% |
| 2019 | 51.7 | 32.49% |
| 2018 | 39.0 | -55% |
| 2017 | 86.7 | 155.45% |
| 2016 | 33.9 | -51.51% |
| 2015 | 70.0 | 106.64% |
| 2014 | 33.9 | 76.7% |
| 2013 | 19.2 |
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.