P/E ratio for Mahindra & Mahindra (M&M.NS)
P/E ratio as of June 2023 (TTM): 15.3
According to Mahindra & Mahindra's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.2877. At the end of 2022 the company had a P/E ratio of 13.4.
P/E ratio history for Mahindra & Mahindra from 2013 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.4 | -72.47% |
| 2021 | 48.7 | -79.6% |
| 2020 | 239 | 1665.83% |
| 2019 | 13.5 | 25% |
| 2018 | 10.8 | -42.29% |
| 2017 | 18.7 | -16.69% |
| 2016 | 22.5 | -0.5% |
| 2015 | 22.6 | 78.62% |
| 2014 | 12.7 | 2.59% |
| 2013 | 12.3 | -6.35% |
| 2012 | 13.2 | -0.85% |
| 2011 | 13.3 | 8.92% |
| 2010 | 12.2 | 70.17% |
| 2009 | 7.17 | -27.47% |
| 2008 | 9.88 | -19.9% |
| 2007 | 12.3 | 10.86% |
| 2006 | 11.1 | 40.12% |
| 2005 | 7.94 |
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.