P/E ratio for Syngene International (SYNGENE.NS)
P/E ratio as of May 2024 (TTM): 54.6
According to Syngene International's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 54.6162. At the end of 2022 the company had a P/E ratio of 53.4.
P/E ratio history for Syngene International from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 53.4 | -12.44% |
| 2021 | 61.0 | -12.33% |
| 2020 | 69.6 | 107.82% |
| 2019 | 33.5 | -4.59% |
| 2018 | 35.1 | -2.74% |
| 2017 | 36.1 | -5.19% |
| 2016 | 38.1 | 2.62% |
| 2015 | 37.1 |
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.