P/E ratio for National Fertilizers (NFL.NS)
P/E ratio as of April 2024 (TTM): 22.6
According to National Fertilizers 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.6057. At the end of 2022 the company had a P/E ratio of 5.41.
P/E ratio history for National Fertilizers from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.41 | -123.26% |
| 2021 | -23.3 | -97.53% |
| 2020 | -943 | -10793.75% |
| 2019 | 8.81 | |
| 2015 | 19.7 | 28.92% |
| 2014 | 15.3 | -341.11% |
| 2013 | -6.33 | -98.92% |
| 2012 | -587 |
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.