Max Financial Services
MFSL.NS
#2944
Rank
$4.15 B
Marketcap
$12.03
Share price
-1.34%
Change (1 day)
62.35%
Change (1 year)

P/E ratio for Max Financial Services (MFSL.NS)

P/E ratio as of March 2024 (TTM): 67.7

According to Max Financial Services 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 67.735. At the end of 2022 the company had a P/E ratio of 54.9.

P/E ratio history for Max Financial Services from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202254.9-68.27%
2021173202.49%
202057.223.95%
201946.1

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.