Indian Oil
IOC.NS
#1216
Rank
$12.68 B
Marketcap
$0.90
Share price
1.80%
Change (1 day)
-44.44%
Change (1 year)

P/E ratio for Indian Oil (IOC.NS)

P/E ratio as of November 2022 (TTM): 8.34

According to Indian Oil's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.33959. At the end of 2022 the company had a P/E ratio of 6.43.

P/E ratio history for Indian Oil from 2017 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20226.4310.36%
20215.83-107.36%
2020-79.2-1018.47%
20198.6218.39%
20187.28-19.07%
20179.003.94%
20168.66-50.6%
201517.586.65%
20149.39-38.88%
201315.41.8%
201215.143.42%
201110.554.83%
20106.80-62.34%
200918.0165.37%
20086.8012.26%
20076.06-55.62%
200613.650.53%
20059.0720.78%
20047.51

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.