P/E ratio for IIFL Finance (IIFL.NS)
P/E ratio as of April 2024 (TTM): 9.24
According to IIFL Finance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.24288. At the end of 2022 the company had a P/E ratio of 13.0.
P/E ratio history for IIFL Finance from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.0 | 36.61% |
| 2021 | 9.50 | 25.99% |
| 2020 | 7.54 | 6.09% |
| 2019 | 7.11 | -55.97% |
| 2018 | 16.1 | 2.7% |
| 2017 | 15.7 | 123.38% |
| 2016 | 7.03 | -0.64% |
| 2015 | 7.08 | -0.91% |
| 2014 | 7.14 | 102.59% |
| 2013 | 3.53 | -37.04% |
| 2012 | 5.60 |
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.