P/E ratio for Kingfa Science & Technology (KINGFA.NS)
P/E ratio as of May 2024 (TTM): 20.9
According to Kingfa Science & Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.9014. At the end of 2022 the company had a P/E ratio of 32.1.
P/E ratio history for Kingfa Science & Technology from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 32.1 | -50.53% |
| 2021 | 64.9 | -58.98% |
| 2020 | 158 | 661.1% |
| 2019 | 20.8 | -66.35% |
| 2018 | 61.8 | 39.89% |
| 2017 | 44.2 | -24.76% |
| 2016 | 58.7 | 74.01% |
| 2015 | 33.7 | -295.26% |
| 2014 | -17.3 | 429.47% |
| 2013 | -3.26 | 19.24% |
| 2012 | -2.74 |
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.