P/E ratio for Page Industries (PAGEIND.NS)
P/E ratio as of April 2024 (TTM): 74.1
According to Page Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 74.1496. At the end of 2022 the company had a P/E ratio of 69.9.
P/E ratio history for Page Industries from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 69.9 | -28.43% |
| 2021 | 97.7 | -18.79% |
| 2020 | 120 | 78.48% |
| 2019 | 67.4 | -1.09% |
| 2018 | 68.1 | -22.59% |
| 2017 | 88.0 | 48.07% |
| 2016 | 59.4 | -11.53% |
| 2015 | 67.2 | -5.7% |
| 2014 | 71.2 | 75.67% |
| 2013 | 40.6 | 12.54% |
| 2012 | 36.0 |
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.