P/E ratio for PTC Financial Services (PFS.NS)
P/E ratio as of April 2024 (TTM): 12.6
According to PTC Financial Services's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.6169. At the end of 2022 the company had a P/E ratio of 6.27.
P/E ratio history for PTC Financial Services from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.27 | -74.09% |
| 2021 | 24.2 | 63.76% |
| 2020 | 14.8 | 140.39% |
| 2019 | 6.15 | -164.83% |
| 2018 | -9.48 | -207.71% |
| 2017 | 8.80 | 16.97% |
| 2016 | 7.53 | 18.65% |
| 2015 | 6.34 | -68.95% |
| 2014 | 20.4 | 390.21% |
| 2013 | 4.17 |
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.