Steel Authority of India
SAIL.NS
#2623
Rank
$4.41 B
Marketcap
$1.07
Share price
-1.47%
Change (1 day)
-18.32%
Change (1 year)

P/E ratio for Steel Authority of India (SAIL.NS)

P/E ratio as of January 2023 (TTM): 5.20

According to Steel Authority of India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.19708. At the end of 2022 the company had a P/E ratio of 3.30.

P/E ratio history for Steel Authority of India from 2009 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20223.30-58.17%
20217.8898.25%
20203.98-58.9%
20199.67-109.01%
2018-1071073.68%
2017-9.15119.13%
2016-4.18-131.63%
201513.219.13%
201411.1-0.29%
201311.12.61%
201210.8-21.2%
201113.7-6.71%
201014.7139.15%
20096.16-35.07%
20089.4925.97%
20077.53-10.33%
20068.40126.38%
20053.71-29.57%
20045.27

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.