According to Reliance Infrastructure 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.47376. At the end of 2022 the company had a P/E ratio of -3.70.
Year | P/E ratio | Change |
---|---|---|
2022 | -3.70 | -258.89% |
2021 | 2.33 | -310.99% |
2020 | -1.10 | 225.07% |
2019 | -0.3395 | -103.82% |
2018 | 8.89 | -27.96% |
2017 | 12.3 | 6.09% |
2016 | 11.6 | 25.68% |
2015 | 9.25 | 34.87% |
2014 | 6.86 | 36.24% |
2013 | 5.04 | -28.89% |
2012 | 7.08 | 21.95% |
2011 | 5.81 |
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.