P/E ratio for Schaeffler India (SCHAEFFLER.NS)
P/E ratio as of April 2024 (TTM): 56.1
According to Schaeffler India 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 56.0633. At the end of 2022 the company had a P/E ratio of 48.8.
P/E ratio history for Schaeffler India from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 48.8 | 110.49% |
| 2021 | 23.2 | -52.43% |
| 2020 | 48.7 | 21.87% |
| 2019 | 40.0 | -5.76% |
| 2018 | 42.4 | -1.46% |
| 2017 | 43.1 | 30.81% |
| 2016 | 32.9 | -11.13% |
| 2015 | 37.0 | -4.86% |
| 2014 | 38.9 | 74.74% |
| 2013 | 22.3 | 25.52% |
| 2012 | 17.7 |
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.