P/E ratio for MM Forgings (MMFL.NS)
P/E ratio as of May 2024 (TTM): 20.8
According to MM Forgings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.8034. At the end of 2022 the company had a P/E ratio of 18.2.
P/E ratio history for MM Forgings from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.2 | 18.17% |
| 2021 | 15.4 | -93.52% |
| 2020 | 238 | 1037.94% |
| 2019 | 20.9 | 24.65% |
| 2018 | 16.8 | -36.21% |
| 2017 | 26.3 | 106.33% |
| 2016 | 12.8 | 4.35% |
| 2015 | 12.2 | -13.23% |
| 2014 | 14.1 | 256.34% |
| 2013 | 3.96 | -16.27% |
| 2012 | 4.72 |
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.