P/E ratio for Reliance Power (RPOWER.NS)
P/E ratio as of May 2024 (TTM): -21.0
According to Reliance Power 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -20.9798. At the end of 2022 the company had a P/E ratio of -3.30.
P/E ratio history for Reliance Power from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.30 | -89.35% |
| 2021 | -31.0 | 13059.91% |
| 2020 | -0.2354 | -21.53% |
| 2019 | -0.3000 | -101.9% |
| 2018 | 15.8 | -7.01% |
| 2017 | 17.0 | 39.65% |
| 2016 | 12.2 | -14.95% |
| 2015 | 14.3 | -15.29% |
| 2014 | 16.9 | -16.2% |
| 2013 | 20.2 | -24.74% |
| 2012 | 26.8 |
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.