P/E ratio for Titan Cement International (TITC.BR)
P/E ratio at the end of 2024: 10.2
According to Titan Cement International's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.2781. At the end of 2024 the company had a P/E ratio of 10.2.
P/E ratio history for Titan Cement International from 2019 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 10.2 | 73.05% |
| 2023 | 5.91 | -28.79% |
| 2022 | 8.30 | -22.71% |
| 2021 | 10.7 | -98.88% |
| 2020 | 959 | 3180.41% |
| 2019 | 29.2 |
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.