P/E ratio for MPS Limited (MPSLTD.NS)
P/E ratio as of April 2024 (TTM): 22.4
According to MPS Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.439. At the end of 2022 the company had a P/E ratio of 14.3.
P/E ratio history for MPS Limited from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.3 | -1.41% |
| 2021 | 14.5 | 19.44% |
| 2020 | 12.2 | 1.51% |
| 2019 | 12.0 | -8.52% |
| 2018 | 13.1 | -21.82% |
| 2017 | 16.8 | 2.82% |
| 2016 | 16.3 | -31.66% |
| 2015 | 23.9 | 16.15% |
| 2014 | 20.6 | 95.43% |
| 2013 | 10.5 |
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.