P/E ratio for Mangalore Chemicals and Fertilizers (MANGCHEFER.NS)
P/E ratio as of April 2024 (TTM): 5.29
According to Mangalore Chemicals and Fertilizers's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.285. At the end of 2022 the company had a P/E ratio of 14.8.
P/E ratio history for Mangalore Chemicals and Fertilizers from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.8 | 73.31% |
| 2021 | 8.55 | 26.53% |
| 2020 | 6.75 | -35.65% |
| 2019 | 10.5 | 27.29% |
| 2018 | 8.25 | -60.9% |
| 2017 | 21.1 | -61.17% |
| 2016 | 54.3 | -2062.49% |
| 2015 | -2.77 | -112.71% |
| 2014 | 21.8 | 35.1% |
| 2013 | 16.1 |
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.