P/E ratio for Reliance Communications (RCOM.NS)
P/E ratio as of May 2024 (TTM): -0.0344
According to Reliance Communications 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0344289. At the end of 2022 the company had a P/E ratio of -0.0397.
P/E ratio history for Reliance Communications from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.0397 | -81.04% |
| 2021 | -0.2096 | 78.13% |
| 2020 | -0.1176 | 2228.76% |
| 2019 | -0.0051 | -97.56% |
| 2018 | -0.2073 | -88.08% |
| 2017 | -1.74 | -92.8% |
| 2016 | -24.1 | -186.06% |
| 2015 | 28.1 | 2.01% |
| 2014 | 27.5 | 22.52% |
| 2013 | 22.5 |
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.