P/E ratio for Marico (MARICO.NS)
P/E ratio as of April 2024 (TTM): 50.3
According to Marico 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 50.3331. At the end of 2022 the company had a P/E ratio of 52.7.
P/E ratio history for Marico from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 52.7 | -4.83% |
| 2021 | 55.4 | 22.23% |
| 2020 | 45.3 | 26.37% |
| 2019 | 35.9 | -33.31% |
| 2018 | 53.8 | 4.52% |
| 2017 | 51.5 | 19.38% |
| 2016 | 43.1 | 3.54% |
| 2015 | 41.6 | 9.64% |
| 2014 | 38.0 | 31.29% |
| 2013 | 28.9 | -19.25% |
| 2012 | 35.8 |
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.