P/E ratio for Lumax Industries (LUMAXIND.NS)
P/E ratio as of May 2024 (TTM): 22.1
According to Lumax Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.0584. At the end of 2022 the company had a P/E ratio of 14.3.
P/E ratio history for Lumax Industries from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.3 | -55.19% |
| 2021 | 31.8 | -70.62% |
| 2020 | 108 | 536.32% |
| 2019 | 17.0 | 15.98% |
| 2018 | 14.7 | -54.92% |
| 2017 | 32.6 | 171.7% |
| 2016 | 12.0 | 16.25% |
| 2015 | 10.3 | -48.53% |
| 2014 | 20.0 | -48.75% |
| 2013 | 39.1 | 45.02% |
| 2012 | 27.0 |
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.