P/E ratio for Mastek (MASTEK.NS)
P/E ratio as of April 2024 (TTM): 31.0
According to Mastek's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.9775. At the end of 2022 the company had a P/E ratio of 17.1.
P/E ratio history for Mastek from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.1 | -41.11% |
| 2021 | 29.0 | 91.16% |
| 2020 | 15.2 | 54.46% |
| 2019 | 9.81 | -15.09% |
| 2018 | 11.6 | -19.6% |
| 2017 | 14.4 | -0.6% |
| 2016 | 14.5 | -51.46% |
| 2015 | 29.8 | -26.86% |
| 2014 | 40.7 |
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.