P/E ratio for JCI Hitachi India (JCHAC.NS)
P/E ratio as of July 2024 (TTM): -42.8
According to JCI Hitachi India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -42.7539. At the end of 2022 the company had a P/E ratio of -45.9.
P/E ratio history for JCI Hitachi India from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -45.9 | -138.57% |
| 2021 | 119 | -107.15% |
| 2020 | < -1000 | -3871.74% |
| 2019 | 44.1 | -25.16% |
| 2018 | 58.9 | -31.62% |
| 2017 | 86.2 | 57.97% |
| 2016 | 54.6 | -10.95% |
| 2015 | 61.3 | 56.35% |
| 2014 | 39.2 | -16.07% |
| 2013 | 46.7 | 101.91% |
| 2012 | 23.1 |
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.