Power Mech Projects
POWERMECH.NS
#5211
Rank
$0.95 B
Marketcap
$60.13
Share price
2.25%
Change (1 day)
117.08%
Change (1 year)

P/E ratio for Power Mech Projects (POWERMECH.NS)

P/E ratio as of March 2024 (TTM): 33.2

According to Power Mech Projects's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.2348. At the end of 2022 the company had a P/E ratio of 16.1.

P/E ratio history for Power Mech Projects from 2015 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202216.148.22%
202110.9-185.21%
2020-12.8-293.67%
20196.59-48.03%
201812.7-18.43%
201715.563.19%
20169.52

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.