P/E ratio for Steel Authority of India (SAIL.NS)
P/E ratio as of April 2024 (TTM): 42.6
According to Steel Authority of India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 42.624. At the end of 2022 the company had a P/E ratio of 9.77.
P/E ratio history for Steel Authority of India from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.77 | 191.99% |
| 2021 | 3.35 | -63.65% |
| 2020 | 9.20 | -98.71% |
| 2019 | 715 | |
| 2012 | 7.09 | -24.09% |
| 2011 | 9.34 | -31.19% |
| 2010 | 13.6 | -15.34% |
| 2009 | 16.0 |
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.