Union Bank of India
UNIONBANK.NS
#1604
Rank
โ‚น901.98 B
Marketcap
โ‚น118.16
Share price
-0.91%
Change (1 day)
0.77%
Change (1 year)

P/E ratio for Union Bank of India (UNIONBANK.NS)

P/E ratio as of December 2024 (TTM): 6.60

According to Union Bank of India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.59562. At the end of 2022 the company had a P/E ratio of 7.56.

P/E ratio history for Union Bank of India from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.5631.45%
20215.75-199.23%
2020-5.79232.46%
2019-1.74

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.