P/E ratio for Nelco (NELCO.NS)
P/E ratio as of May 2024 (TTM): 77.9
According to Nelco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 77.8738. At the end of 2022 the company had a P/E ratio of 94.3.
P/E ratio history for Nelco from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 94.3 | 0.25% |
| 2021 | 94.1 | 187.85% |
| 2020 | 32.7 | -23.88% |
| 2019 | 42.9 | 63.6% |
| 2018 | 26.2 | -13.89% |
| 2017 | 30.5 | 36.77% |
| 2016 | 22.3 | -126.16% |
| 2015 | -85.2 | -477.72% |
| 2014 | 22.5 | -438.08% |
| 2013 | -6.67 | -65.56% |
| 2012 | -19.4 |
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.