Kitex Garments
KITEX.NS
#6236
Rank
$0.15 B
Marketcap
$2.37
Share price
-1.76%
Change (1 day)
1.72%
Change (1 year)
Categories

P/E ratio for Kitex Garments (KITEX.NS)

P/E ratio as of December 2022 (TTM): 10.4

According to Kitex Garments's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.3969. At the end of 2022 the company had a P/E ratio of 13.0.

P/E ratio history for Kitex Garments from 2013 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202213.06.18%
202112.3125.58%
20205.44-45.52%
20199.99-58.69%
201824.20.95%
201724.031.72%
201618.2-28.5%
201525.4242.68%
20147.42-13.05%
20138.54

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.