P/E ratio for Prakash Industries (PRAKASH.NS)
P/E ratio as of May 2024 (TTM): 14.7
According to Prakash Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.6823. At the end of 2022 the company had a P/E ratio of 5.29.
P/E ratio history for Prakash Industries from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.29 | -8.06% |
| 2021 | 5.75 | -62.37% |
| 2020 | 15.3 | 309.01% |
| 2019 | 3.74 | 84.06% |
| 2018 | 2.03 | -78.87% |
| 2017 | 9.60 | 12.98% |
| 2016 | 8.50 | -430.42% |
| 2015 | -2.57 | -192.35% |
| 2014 | 2.79 | -16.36% |
| 2013 | 3.33 | 18.44% |
| 2012 | 2.81 |
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.