P/E ratio for Kellton Tech Solutions (KELLTONTEC.NS)
P/E ratio as of May 2024 (TTM): -7.19
According to Kellton Tech Solutions's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.19356. At the end of 2022 the company had a P/E ratio of 7.82.
P/E ratio history for Kellton Tech Solutions from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.82 | -8.56% |
| 2021 | 8.56 | -21.99% |
| 2020 | 11.0 | 375.9% |
| 2019 | 2.30 | -49.75% |
| 2018 | 4.59 | -44.22% |
| 2017 | 8.22 | -25.06% |
| 2016 | 11.0 |
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.