P/E ratio for Kajaria Ceramics (KAJARIACER.NS)
P/E ratio as of May 2024 (TTM): 47.3
According to Kajaria Ceramics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 47.3216. At the end of 2022 the company had a P/E ratio of 55.6.
P/E ratio history for Kajaria Ceramics from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 55.6 | 10.77% |
| 2021 | 50.2 | 3.55% |
| 2020 | 48.5 | 57.79% |
| 2019 | 30.7 | -11.13% |
| 2018 | 34.6 | -28.04% |
| 2017 | 48.1 | 63.08% |
| 2016 | 29.5 | -18.94% |
| 2015 | 36.3 | 33.53% |
| 2014 | 27.2 | 33.15% |
| 2013 | 20.4 | 16.44% |
| 2012 | 17.6 |
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.