P/E ratio for MakeMyTrip (MMYT)
P/E ratio as of April 2024 (TTM): 272
According to MakeMyTrip 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 271.95. At the end of 2022 the company had a P/E ratio of -146.
P/E ratio history for MakeMyTrip from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -146 | 78.99% |
| 2021 | -81.5 | 934.96% |
| 2020 | -7.87 | -50.83% |
| 2019 | -16.0 | 8.6% |
| 2018 | -14.7 | 32.88% |
| 2017 | -11.1 | 7.97% |
| 2016 | -10.3 | -36.51% |
| 2015 | -16.2 | -77.58% |
| 2014 | -72.2 | 282.34% |
| 2013 | -18.9 | -96.96% |
| 2012 | -622 | -498.45% |
| 2011 | 156 | -111.55% |
| 2010 | < -1000 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Expedia Group EXPE | 23.5 | -91.38% | 🇺🇸 USA |
 TripAdvisor TRIP | -138 | -150.61% | 🇺🇸 USA |
 Chegg
CHGG | 85.1 | -68.70% | 🇺🇸 USA |
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.