P/E ratio for Rane Holdings (RANEHOLDIN.NS)
P/E ratio as of May 2024 (TTM): 20.3
According to Rane Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.3222. At the end of 2022 the company had a P/E ratio of 53.3.
P/E ratio history for Rane Holdings from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 53.3 | 22.64% |
| 2021 | 43.5 | -232.06% |
| 2020 | -32.9 | -174.01% |
| 2019 | 44.5 | 143.86% |
| 2018 | 18.2 | -21.85% |
| 2017 | 23.3 | 136.94% |
| 2016 | 9.85 | -20.61% |
| 2015 | 12.4 | -2.63% |
| 2014 | 12.7 | -8.42% |
| 2013 | 13.9 |
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.