P/E ratio for Indus Towers (INDUSTOWER.NS)
P/E ratio as of April 2024 (TTM): 33.0
According to Indus Towers 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.9515. At the end of 2022 the company had a P/E ratio of 20.8.
P/E ratio history for Indus Towers from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.8 | 83.5% |
| 2021 | 11.3 | -20.13% |
| 2020 | 14.2 | -1.11% |
| 2019 | 14.3 | -25.4% |
| 2018 | 19.2 | -30.23% |
| 2017 | 27.5 | 22.52% |
| 2016 | 22.5 | -42.15% |
| 2015 | 38.9 | 16.4% |
| 2014 | 33.4 | 39.97% |
| 2013 | 23.8 | -35.87% |
| 2012 | 37.2 |
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.