P/E ratio for Indraprastha Gas (IGL.NS)
P/E ratio as of March 2023 (TTM): 18.3
According to Indraprastha Gas 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.2872. At the end of 2022 the company had a P/E ratio of 17.4.
P/E ratio history for Indraprastha Gas from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.4 | -42.97% |
| 2021 | 30.5 | 50.57% |
| 2020 | 20.3 | -20.69% |
| 2019 | 25.5 | -5.74% |
| 2018 | 27.1 | 16.99% |
| 2017 | 23.2 | 39.41% |
| 2016 | 16.6 | 24.6% |
| 2015 | 13.3 | 15.95% |
| 2014 | 11.5 | 4.06% |
| 2013 | 11.0 | -36.25% |
| 2012 | 17.3 | 7.22% |
| 2011 | 16.2 | 16.06% |
| 2010 | 13.9 | 64.28% |
| 2009 | 8.48 | -20.54% |
| 2008 | 10.7 | 5.74% |
| 2007 | 10.1 | -48.02% |
| 2006 | 19.4 | 32.69% |
| 2005 | 14.6 |
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.