P/E ratio for Mahanagar Telephone Nigam (MTNL.NS)
P/E ratio as of April 2024 (TTM): -0.7476
According to Mahanagar Telephone Nigam's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.747628. At the end of 2022 the company had a P/E ratio of -0.5954.
P/E ratio history for Mahanagar Telephone Nigam from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.5954 | -30.96% |
| 2021 | -0.8624 | 146.27% |
| 2020 | -0.3502 | 125.22% |
| 2019 | -0.1555 | |
| 2016 | -0.6068 | 13.09% |
| 2015 | -0.5365 | -327.8% |
| 2014 | 0.2355 | -193.11% |
| 2013 | -0.2529 | -27.08% |
| 2012 | -0.3469 | |
| 2007 | 27.1 | 173.94% |
| 2006 | 9.91 | -117.81% |
| 2005 | -55.7 | -4400.99% |
| 2004 | 1.29 | -87.48% |
| 2003 | 10.3 |
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.