P/E ratio for Tamil Nadu Newsprint and Papers Limited (TNPL.NS)
P/E ratio as of April 2024 (TTM): 5.64
According to Tamil Nadu Newsprint and Papers Limited 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.64053. At the end of 2021 the company had a P/E ratio of -70.2.
P/E ratio history for Tamil Nadu Newsprint and Papers Limited from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -70.2 | 390.72% |
| 2020 | -14.3 | -273.79% |
| 2019 | 8.23 | -47.33% |
| 2018 | 15.6 | |
| 2016 | 7.68 | -7.15% |
| 2015 | 8.27 | 31.12% |
| 2014 | 6.31 | 18.06% |
| 2013 | 5.34 | -50.24% |
| 2012 | 10.7 |
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.