P/E ratio for Navkar Corp (NAVKARCORP.NS)
P/E ratio as of April 2024 (TTM): 22.1
According to Navkar Corp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.1445. At the end of 2022 the company had a P/E ratio of 7.96.
P/E ratio history for Navkar Corp from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.96 | -44.28% |
| 2021 | 14.3 | -63.06% |
| 2020 | 38.7 | 341.61% |
| 2019 | 8.76 | -27.83% |
| 2018 | 12.1 | -58.49% |
| 2017 | 29.2 | 8.63% |
| 2016 | 26.9 | -18.77% |
| 2015 | 33.1 |
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.