P/E ratio for TANLA (TANLA.NS)
P/E ratio as of April 2024 (TTM): 25.1
According to TANLA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.0796. At the end of 2022 the company had a P/E ratio of 20.7.
P/E ratio history for TANLA from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.7 | -63.36% |
| 2021 | 56.5 | -1.85% |
| 2020 | 57.5 | -737.53% |
| 2019 | -9.03 | -139.07% |
| 2018 | 23.1 | 100.92% |
| 2017 | 11.5 | -56.39% |
| 2016 | 26.4 | -11.27% |
| 2015 | 29.7 | -289.91% |
| 2014 | -15.6 | 2312.28% |
| 2013 | -0.6487 |
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.