P/E ratio for Karnataka Bank (KTKBANK.NS)
P/E ratio as of April 2024 (TTM): 5.18
According to Karnataka Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.1848. At the end of 2022 the company had a P/E ratio of 4.95.
P/E ratio history for Karnataka Bank from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.95 | 5.91% |
| 2021 | 4.67 | 24.55% |
| 2020 | 3.75 | -19.4% |
| 2019 | 4.66 | -37.34% |
| 2018 | 7.43 | -23.03% |
| 2017 | 9.65 | 71.54% |
| 2016 | 5.63 | 13.12% |
| 2015 | 4.98 | -28.17% |
| 2014 | 6.93 | -6.09% |
| 2013 | 7.37 | -15.03% |
| 2012 | 8.68 |
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.