P/E ratio for Rane Brake Lining (RBL.NS)
P/E ratio as of May 2024 (TTM): 19.7
According to Rane Brake Lining's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.7168. At the end of 2022 the company had a P/E ratio of 16.4.
P/E ratio history for Rane Brake Lining from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.4 | -27.87% |
| 2021 | 22.7 | -1.04% |
| 2020 | 22.9 | 56.58% |
| 2019 | 14.6 | -7.02% |
| 2018 | 15.7 | -41.81% |
| 2017 | 27.0 | 37.11% |
| 2016 | 19.7 | 67.44% |
| 2015 | 11.8 | -1.49% |
| 2014 | 12.0 | 61.79% |
| 2013 | 7.39 | -6.45% |
| 2012 | 7.90 |
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.