P/E ratio for Kalyani Steels (KSL.NS)
P/E ratio as of May 2024 (TTM): 18.4
According to Kalyani Steels's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.3923. At the end of 2023 the company had a P/E ratio of 7.58.
P/E ratio history for Kalyani Steels from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 7.58 | 41.29% |
| 2022 | 5.37 | -25.32% |
| 2021 | 7.19 | 93.81% |
| 2020 | 3.71 | -48.82% |
| 2019 | 7.24 | -39.25% |
| 2018 | 11.9 | 19.93% |
| 2017 | 9.94 | 54.37% |
| 2016 | 6.44 | -7.03% |
| 2015 | 6.93 | 51.79% |
| 2014 | 4.56 | -33.95% |
| 2013 | 6.91 | -33.34% |
| 2012 | 10.4 | 60.95% |
| 2011 | 6.44 | -12.75% |
| 2010 | 7.38 | -62.6% |
| 2009 | 19.7 |
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.