Petronet LNG
PETRONET.NS
#2736
Rank
$4.73 B
Marketcap
$3.16
Share price
-0.21%
Change (1 day)
16.61%
Change (1 year)

P/E ratio for Petronet LNG (PETRONET.NS)

P/E ratio as of March 2024 (TTM): 11.3

According to Petronet LNG 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.3387. At the end of 2022 the company had a P/E ratio of 9.24.

P/E ratio history for Petronet LNG from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20229.24-6.5%
20219.88-28.84%
202013.9-3.4%
201914.4
201519.2-7.54%
201420.878.89%
201311.613.5%
201210.3

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.