P/E ratio for Redington India (REDINGTON.NS)
P/E ratio as of April 2024 (TTM): 12.8
According to Redington India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.8278. At the end of 2022 the company had a P/E ratio of 9.87.
P/E ratio history for Redington India from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.87 | 7.78% |
| 2021 | 9.16 | 2.85% |
| 2020 | 8.91 | 9.58% |
| 2019 | 8.13 | 10.69% |
| 2018 | 7.34 | -49.78% |
| 2017 | 14.6 | 71.31% |
| 2016 | 8.54 | -23.3% |
| 2015 | 11.1 | -23.47% |
| 2014 | 14.5 | 59.71% |
| 2013 | 9.11 | -15.6% |
| 2012 | 10.8 |
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.