P/E ratio for Piramal Enterprises (PEL.NS)
P/E ratio as of April 2024 (TTM): 9.06
According to Piramal Enterprises 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.05634. At the end of 2022 the company had a P/E ratio of 1.92.
P/E ratio history for Piramal Enterprises from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 1.92 | -96.21% |
| 2021 | 50.8 | -110.95% |
| 2020 | -464 | -3336.81% |
| 2019 | 14.3 | 53.32% |
| 2018 | 9.35 | -72.29% |
| 2017 | 33.7 | 35.46% |
| 2016 | 24.9 | 16.1% |
| 2015 | 21.4 | 264.03% |
| 2014 | 5.89 | -124.25% |
| 2013 | -24.3 | -81.37% |
| 2012 | -130 |
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.