P/E ratio for Rico Auto Industries (RICOAUTO.NS)
P/E ratio as of April 2024 (TTM): 37.8
According to Rico Auto Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 37.8277. At the end of 2022 the company had a P/E ratio of 29.4.
P/E ratio history for Rico Auto Industries from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 29.4 | 27.34% |
| 2021 | 23.1 | -234.24% |
| 2020 | -17.2 | -175.04% |
| 2019 | 22.9 | 49.72% |
| 2018 | 15.3 | -48.99% |
| 2017 | 30.0 | 110.97% |
| 2016 | 14.2 | -66.23% |
| 2015 | 42.2 | 944.84% |
| 2014 | 4.04 | -72.14% |
| 2013 | 14.5 |
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.