P/E ratio for State Bank of India (SBIN.NS)
P/E ratio as of May 2024 (TTM): 10.9
According to State Bank of India 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.8509. At the end of 2022 the company had a P/E ratio of 11.6.
P/E ratio history for State Bank of India from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.6 | -9.6% |
| 2021 | 12.9 | 21.53% |
| 2020 | 10.6 | -49.87% |
| 2019 | 21.1 | -154.65% |
| 2018 | -38.6 | -97.23% |
| 2017 | < -1000 | -3335.92% |
| 2016 | 43.1 | 297.07% |
| 2015 | 10.9 | -23.53% |
| 2014 | 14.2 | 65.66% |
| 2013 | 8.58 | 4.05% |
| 2012 | 8.24 | -7.43% |
| 2011 | 8.90 |
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.