P/E ratio for Ramco Cements (RAMCOCEM.NS)
P/E ratio as of April 2024 (TTM): 63.0
According to Ramco Cements 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 62.9858. At the end of 2022 the company had a P/E ratio of 54.7.
P/E ratio history for Ramco Cements from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 54.7 | 128.12% |
| 2021 | 24.0 | -6.65% |
| 2020 | 25.7 | -8.08% |
| 2019 | 28.0 | |
| 2015 | 20.5 | -62.78% |
| 2014 | 55.0 | 118% |
| 2013 | 25.2 | 85.66% |
| 2012 | 13.6 |
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.