P/E ratio for Parag Milk Foods (PARAGMILK.NS)
P/E ratio as of May 2024 (TTM): 34.5
According to Parag Milk Foods 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.4914. At the end of 2022 the company had a P/E ratio of -1.71.
P/E ratio history for Parag Milk Foods from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -1.71 | -107.93% |
| 2021 | 21.6 | -9.02% |
| 2020 | 23.7 | 142.47% |
| 2019 | 9.78 | -45.57% |
| 2018 | 18.0 | -40.26% |
| 2017 | 30.1 | -97.69% |
| 2016 | > 1000 |
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.