P/E ratio for SKF India (SKFINDIA.NS)
P/E ratio as of May 2024 (TTM): 50.0
According to SKF India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 50.0032. At the end of 2022 the company had a P/E ratio of 43.5.
P/E ratio history for SKF India from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 43.5 | -8.24% |
| 2021 | 47.4 | 50.98% |
| 2020 | 31.4 | -13.96% |
| 2019 | 36.5 | 20.95% |
| 2018 | 30.2 | -13.52% |
| 2017 | 34.9 | |
| 2015 | 31.7 | -9.6% |
| 2014 | 35.1 | 66.59% |
| 2013 | 21.0 | -2.31% |
| 2012 | 21.5 |
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.