P/E ratio for Indian Telephone Industries (ITI.NS)
P/E ratio as of April 2024 (TTM): -64.7
According to Indian Telephone Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -64.7174. At the end of 2022 the company had a P/E ratio of 142.
P/E ratio history for Indian Telephone Industries from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 142 | -145.8% |
| 2021 | -310 | 321.16% |
| 2020 | -73.6 | -232.11% |
| 2019 | 55.7 | -26.74% |
| 2018 | 76.0 | 168.12% |
| 2017 | 28.4 | 640.48% |
| 2016 | 3.83 | -104.75% |
| 2015 | -80.5 | 3321.31% |
| 2014 | -2.35 | 17.05% |
| 2013 | -2.01 | 27.94% |
| 2012 | -1.57 |
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.