P/E ratio for N.B.I. Industrial Finance (NBIFIN.NS)
P/E ratio as of April 2024 (TTM): 66.5
According to N.B.I. Industrial Finance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 66.5278. At the end of 2022 the company had a P/E ratio of 68.6.
P/E ratio history for N.B.I. Industrial Finance from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 68.6 | -39.35% |
| 2021 | 113 | 194.54% |
| 2020 | 38.4 | -46.9% |
| 2019 | 72.3 | -41.67% |
| 2018 | 124 | 2060.02% |
| 2017 | 5.74 | -46.44% |
| 2016 | 10.7 |
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.