P/E ratio for Mirza International (MIRZAINT.NS)
P/E ratio as of April 2024 (TTM): 23.0
According to Mirza International 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.0357. At the end of 2022 the company had a P/E ratio of 22.0.
P/E ratio history for Mirza International from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.0 | 32.75% |
| 2021 | 16.6 | -84.31% |
| 2020 | 106 | 641.03% |
| 2019 | 14.3 | |
| 2016 | 13.4 | -33.2% |
| 2015 | 20.1 | 135.97% |
| 2014 | 8.50 | 42.44% |
| 2013 | 5.97 | -5.12% |
| 2012 | 6.29 |
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.