P/E ratio for Phoenix Mills (PHOENIXLTD.NS)
P/E ratio as of December 2023 (TTM): 48.5
According to Phoenix Mills 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 48.4909. At the end of 2022 the company had a P/E ratio of 21.4.
P/E ratio history for Phoenix Mills from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.4 | -75.76% |
| 2021 | 88.4 | -74.21% |
| 2020 | 343 | 1286.61% |
| 2019 | 24.7 | -18.34% |
| 2018 | 30.3 | -45.21% |
| 2017 | 55.2 | 42.99% |
| 2016 | 38.6 | -49.13% |
| 2015 | 76.0 | 52.08% |
| 2014 | 49.9 | 45.22% |
| 2013 | 34.4 |
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.