JSW Steel
JSWSTEEL.NS
#777
Rank
$24.59 B
Marketcap
$10.10
Share price
4.51%
Change (1 day)
23.32%
Change (1 year)

P/E ratio for JSW Steel (JSWSTEEL.NS)

P/E ratio as of March 2024 (TTM): 20.7

According to JSW Steel's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.735. At the end of 2022 the company had a P/E ratio of 49.6.

P/E ratio history for JSW Steel from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202249.6579.71%
20217.29-69.08%
202023.693.62%
201912.250.49%
20188.10-46.38%
201715.111.07%
201613.6-96.69%
20154113459.31%
201411.6-87.95%
201395.9643.15%
201212.9

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.