P/E ratio for Mahindra CIE (MAHINDCIE.NS)
P/E ratio as of April 2024 (TTM): 20.1
According to Mahindra CIE's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.1245. At the end of 2021 the company had a P/E ratio of 22.2.
P/E ratio history for Mahindra CIE from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 22.2 | -63.45% |
| 2020 | 60.9 | 241.38% |
| 2019 | 17.8 | -8.04% |
| 2018 | 19.4 | -27.49% |
| 2017 | 26.7 | -27.11% |
| 2016 | 36.7 | -141.83% |
| 2015 | -87.7 | 904.71% |
| 2014 | -8.73 | 184.25% |
| 2013 | -3.07 | -126.61% |
| 2012 | 11.5 | -92.68% |
| 2011 | 158 | -3916.65% |
| 2010 | -4.13 | 80.03% |
| 2009 | -2.29 | -103.41% |
| 2008 | 67.2 |
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.