P/E ratio for Kotak Mahindra Bank (KOTAKBANK.NS)
P/E ratio as of April 2024 (TTM): 21.2
According to Kotak Mahindra Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.1573. At the end of 2022 the company had a P/E ratio of 25.5.
P/E ratio history for Kotak Mahindra Bank from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 25.5 | -22.95% |
| 2021 | 33.1 | -21.45% |
| 2020 | 42.2 | 14.02% |
| 2019 | 37.0 | 7.44% |
| 2018 | 34.4 | 6.51% |
| 2017 | 32.3 | 12.36% |
| 2016 | 28.8 | -22.76% |
| 2015 | 37.3 | 6.93% |
| 2014 | 34.8 | 55.47% |
| 2013 | 22.4 | -5.03% |
| 2012 | 23.6 |
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.