According to Persistent Systems 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.8463. At the end of 2022 the company had a P/E ratio of 33.3.
Year | P/E ratio | Change |
---|---|---|
2022 | 33.3 | -44.31% |
2021 | 59.8 | 104.49% |
2020 | 29.2 | 90.75% |
2019 | 15.3 | 4.85% |
2018 | 14.6 | -17.31% |
2017 | 17.7 | 8.15% |
2016 | 16.3 | -10.3% |
2015 | 18.2 | -21.51% |
2014 | 23.2 | 43.1% |
2013 | 16.2 | 45.45% |
2012 | 11.2 |
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.