Jindal Steel & Power
JINDALSTEL.NS
#1867
Rank
$7.32 B
Marketcap
$7.18
Share price
-2.07%
Change (1 day)
42.46%
Change (1 year)

P/E ratio for Jindal Steel & Power (JINDALSTEL.NS)

P/E ratio as of January 2023 (TTM): 8.71

According to Jindal Steel & Power 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.70506. At the end of 2018 the company had a P/E ratio of 90.6.

P/E ratio history for Jindal Steel & Power from 2012 to 2022

PE ratio at the end of each year

Year P/E ratio Change
201890.6-676.93%
2017-15.7546.56%
2016-2.43-43.45%
2015-4.29

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.