Jindal Steel & Power
JINDALSTEL.NS
#1594
Rank
$10.40 B
Marketcap
$10.19
Share price
1.93%
Change (1 day)
55.57%
Change (1 year)

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

P/E ratio as of March 2024 (TTM): 28.8

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.

P/E ratio history for Jindal Steel & Power from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202213.9124.69%
20216.20-59.39%
202015.3-348.01%
2019-6.15-106.79%
201890.6-676.93%
2017-15.7612.15%
2016-2.21-28.84%
2015-3.10-91.96%
2014-38.5-458.53%
201310.7-14.67%
201212.6

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.