P/E ratio for Modern Dairies Limited (MODAIRY.BO)
P/E ratio as of April 2024 (TTM): 6.96
According to Modern Dairies Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.95884. At the end of 2022 the company had a P/E ratio of 4.34.
P/E ratio history for Modern Dairies Limited from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.34 | -712.52% |
| 2021 | -0.7089 | -129.72% |
| 2020 | 2.39 | 65.36% |
| 2019 | 1.44 | -142.02% |
| 2018 | -3.43 | 140.94% |
| 2017 | -1.43 | 55.69% |
| 2016 | -0.9153 | -44.52% |
| 2015 | -1.65 | -83.12% |
| 2014 | -9.77 | -437.16% |
| 2013 | 2.90 | -274.38% |
| 2012 | -1.66 |
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.