P/E ratio for Polyplex (POLYPLEX.NS)
P/E ratio as of April 2024 (TTM): 18.3
According to Polyplex's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.2601. At the end of 2022 the company had a P/E ratio of 9.50.
P/E ratio history for Polyplex from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.50 | -17.99% |
| 2021 | 11.6 | 111.23% |
| 2020 | 5.48 | 21.3% |
| 2019 | 4.52 | -22.88% |
| 2018 | 5.86 | -51.24% |
| 2017 | 12.0 | 158.4% |
| 2016 | 4.65 | -109.02% |
| 2015 | -51.6 | -217.07% |
| 2014 | 44.0 | -380.36% |
| 2013 | -15.7 | -85.1% |
| 2012 | -105 |
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.