P/E ratio for SRF Limited (SRF.NS)
P/E ratio as of April 2024 (TTM): 44.7
According to SRF Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 44.6558. At the end of 2022 the company had a P/E ratio of 30.8.
P/E ratio history for SRF Limited from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 30.8 | -45.91% |
| 2021 | 56.9 | 75.09% |
| 2020 | 32.5 | 68.52% |
| 2019 | 19.3 | -3.54% |
| 2018 | 20.0 | -17.35% |
| 2017 | 24.2 | 35.5% |
| 2016 | 17.9 | -8.8% |
| 2015 | 19.6 |
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.