P/E ratio for Punjab & Sind Bank (PSB.NS)
P/E ratio as of May 2024 (TTM): 30.1
According to Punjab & Sind Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.115. At the end of 2022 the company had a P/E ratio of 16.0.
P/E ratio history for Punjab & Sind Bank from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.0 | 90.43% |
| 2021 | 8.40 | -2914.82% |
| 2020 | -0.2984 | -81.07% |
| 2019 | -1.58 | 2.79% |
| 2018 | -1.53 | -83.37% |
| 2017 | -9.22 | -242.95% |
| 2016 | 6.45 | -41.72% |
| 2015 | 11.1 | 31.8% |
| 2014 | 8.40 | 181.41% |
| 2013 | 2.98 |
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.