P/E ratio for Omaxe (OMAXE.NS)
P/E ratio as of April 2024 (TTM): -4.34
According to Omaxe 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4.33811. At the end of 2022 the company had a P/E ratio of -4.78.
P/E ratio history for Omaxe from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -4.78 | -58.69% |
| 2021 | -11.6 | 176.69% |
| 2020 | -4.18 | -107.14% |
| 2019 | 58.5 | -23.63% |
| 2018 | 76.6 | 34.16% |
| 2017 | 57.1 | 133.18% |
| 2016 | 24.5 | -32.81% |
| 2015 | 36.5 | 3.61% |
| 2014 | 35.2 | 35.61% |
| 2013 | 25.9 | -8.87% |
| 2012 | 28.5 |
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.