P/E ratio for IndusInd Bank (INDUSINDBK.NS)
P/E ratio as of April 2024 (TTM): 13.3
According to IndusInd Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.3249. At the end of 2022 the company had a P/E ratio of 13.9.
P/E ratio history for IndusInd Bank from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.9 | -12.17% |
| 2021 | 15.8 | -43.07% |
| 2020 | 27.8 | 21.08% |
| 2019 | 23.0 | -6.91% |
| 2018 | 24.7 | -13.59% |
| 2017 | 28.6 | 18.35% |
| 2016 | 24.1 | -3.89% |
| 2015 | 25.1 | 0.6% |
| 2014 | 25.0 | 49.82% |
| 2013 | 16.7 | -17.49% |
| 2012 | 20.2 |
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.