P/E ratio for Sanghi Industries (SANGHIIND.NS)
P/E ratio as of May 2024 (TTM): -5.00
According to Sanghi Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4.99578. At the end of 2022 the company had a P/E ratio of -8.19.
P/E ratio history for Sanghi Industries from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -8.19 | -135.2% |
| 2021 | 23.3 | 80.49% |
| 2020 | 12.9 | 8.99% |
| 2019 | 11.8 | -64.77% |
| 2018 | 33.6 | 13.7% |
| 2017 | 29.5 | -34.26% |
| 2016 | 44.9 | 60.46% |
| 2015 | 28.0 | 74.4% |
| 2014 | 16.0 | -122.34% |
| 2013 | -71.8 | -863.07% |
| 2012 | 9.41 |
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.