P/E ratio for Orient Cement (ORIENTCEM.NS)
P/E ratio as of May 2024 (TTM): 36.9
According to Orient Cement 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 36.9391. At the end of 2022 the company had a P/E ratio of 19.6.
P/E ratio history for Orient Cement from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.6 | 73.55% |
| 2021 | 11.3 | 0.21% |
| 2020 | 11.2 | -17.38% |
| 2019 | 13.6 | -101.34% |
| 2018 | < -1000 | -1524.96% |
| 2017 | 71.4 | -185.42% |
| 2016 | -83.5 | -455.41% |
| 2015 | 23.5 | 1.4% |
| 2014 | 23.2 | 220.98% |
| 2013 | 7.22 |
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.