According to Jindal Steel & Power 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.7771. At the end of 2022 the company had a P/E ratio of 13.9.
Year | P/E ratio | Change |
---|---|---|
2022 | 13.9 | 124.69% |
2021 | 6.20 | -59.39% |
2020 | 15.3 | -348.01% |
2019 | -6.15 | -106.79% |
2018 | 90.6 | -676.93% |
2017 | -15.7 | 612.15% |
2016 | -2.21 | -28.84% |
2015 | -3.10 | -91.96% |
2014 | -38.5 | -458.53% |
2013 | 10.7 | -14.67% |
2012 | 12.6 |
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.