TANLA
TANLA.NS
#4266
Rank
$1.22 B
Marketcap
$9.05
Share price
-3.96%
Change (1 day)
-27.19%
Change (1 year)

P/E ratio for TANLA (TANLA.NS)

P/E ratio as of August 2022 (TTM): 18.5

According to TANLA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.5103. At the end of 2018 the company had a P/E ratio of 23.1.

P/E ratio history for TANLA from 2013 to 2021

PE ratio at the end of each year

Year P/E ratio Change
201823.1101.16%
201711.5-56.44%
201626.4

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.