SpiceJet
SPICEJET.NS
#6059
Rank
$0.25 B
Marketcap
$0.43
Share price
-2.37%
Change (1 day)
-46.91%
Change (1 year)

P/E ratio for SpiceJet (SPICEJET.NS)

P/E ratio as of February 2023 (TTM): -0.9492

According to SpiceJet 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.949169. At the end of 2022 the company had a P/E ratio of -1.89.

P/E ratio history for SpiceJet from 2019 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2022-1.89-52.7%
2021-3.9977.85%
2020-2.24

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.