P/E ratio for Skipper Limited (SKIPPER.NS)
P/E ratio as of June 2024 (TTM): 70.7
According to Skipper Limited 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 70.6927. At the end of 2022 the company had a P/E ratio of 32.6.
P/E ratio history for Skipper Limited from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 32.6 | -61.14% |
| 2021 | 83.8 | 434.51% |
| 2020 | 15.7 | -7.89% |
| 2019 | 17.0 | 19.63% |
| 2018 | 14.2 | -34.06% |
| 2017 | 21.6 | 55.11% |
| 2016 | 13.9 | -27.01% |
| 2015 | 19.1 |
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.