P/E ratio for Shriram Transport Finance (SHRIRAMFIN.NS)
P/E ratio as of April 2024 (TTM): 14.1
According to Shriram Transport Finance 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.099. At the end of 2022 the company had a P/E ratio of 11.0.
P/E ratio history for Shriram Transport Finance from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.0 | -21.46% |
| 2021 | 14.0 | 154.46% |
| 2020 | 5.50 | -50.75% |
| 2019 | 11.2 | -16.68% |
| 2018 | 13.4 | -30.75% |
| 2017 | 19.4 | 3.84% |
| 2016 | 18.7 | -26.46% |
| 2015 | 25.4 | 95.96% |
| 2014 | 12.9 | 13.41% |
| 2013 | 11.4 | 7.11% |
| 2012 | 10.7 | -27.48% |
| 2011 | 14.7 | 12.82% |
| 2010 | 13.0 | 107.1% |
| 2009 | 6.29 | -62.25% |
| 2008 | 16.7 | 50.3% |
| 2007 | 11.1 | -22.33% |
| 2006 | 14.3 | 131.58% |
| 2005 | 6.16 | 94.43% |
| 2004 | 3.17 |
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.