According to Indraprastha Gas 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.7814. At the end of 2022 the company had a P/E ratio of 19.5.
Year | P/E ratio | Change |
---|---|---|
2022 | 19.5 | -14.36% |
2021 | 22.8 | -29.57% |
2020 | 32.3 | 27.98% |
2019 | 25.3 | |
2015 | 17.8 | 21.46% |
2014 | 14.7 | 37.93% |
2013 | 10.7 | 7.16% |
2012 | 9.94 |
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.