According to Jain Irrigation Systems 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.33813. At the end of 2022 the company had a P/E ratio of 6.74.
Year | P/E ratio | Change |
---|---|---|
2022 | 6.74 | -49.61% |
2021 | 13.4 | -1722.19% |
2020 | -0.8249 | -30.49% |
2019 | -1.19 | -113.46% |
2018 | 8.82 | -54.65% |
2017 | 19.4 | 4.84% |
2016 | 18.5 | -45.67% |
2015 | 34.1 | -51.49% |
2014 | 70.3 | -365.52% |
2013 | -26.5 |
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.