New India Assurance
NIACL.NS
#3703
Rank
$1.67 B
Marketcap
$1.02
Share price
-0.60%
Change (1 day)
-53.42%
Change (1 year)

P/E ratio for New India Assurance (NIACL.NS)

P/E ratio as of September 2022 (TTM): 14.3

According to New India Assurance 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.3337. At the end of 2021 the company had a P/E ratio of 15.3.

P/E ratio history for New India Assurance from 2018 to 2021

PE ratio at the end of each year

Year P/E ratio Change
202115.319.11%
202012.8-75.1%
201951.597.81%
201826.0

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.