Phoenix Mills
PHOENIXLTD.NS
#3014
Rank
$3.12 B
Marketcap
$17.49
Share price
-0.30%
Change (1 day)
23.60%
Change (1 year)

P/E ratio for Phoenix Mills (PHOENIXLTD.NS)

P/E ratio as of December 2022 (TTM): 22.9

According to Phoenix Mills 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.937. At the end of 2018 the company had a P/E ratio of 30.3.

P/E ratio history for Phoenix Mills from 2014 to 2022

PE ratio at the end of each year

Year P/E ratio Change
201830.3-45.21%
201755.242.99%
201638.6

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.