P/E ratio for Rain Industries (RAIN.NS)
P/E ratio as of April 2024 (TTM): 7.82
According to Rain Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.82019. At the end of 2022 the company had a P/E ratio of 3.99.
P/E ratio history for Rain Industries from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.99 | -71.29% |
| 2021 | 13.9 | 81.99% |
| 2020 | 7.64 | -9.82% |
| 2019 | 8.47 | 9.38% |
| 2018 | 7.74 | -52.71% |
| 2017 | 16.4 | 158.03% |
| 2016 | 6.35 | 61.79% |
| 2015 | 3.92 | -76.66% |
| 2014 | 16.8 | 482.74% |
| 2013 | 2.88 | -3.5% |
| 2012 | 2.99 | 91.36% |
| 2011 | 1.56 |
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.