Tata Chemicals
TATACHEM.NS
#3325
Rank
$3.30 B
Marketcap
$12.97
Share price
-2.65%
Change (1 day)
11.81%
Change (1 year)

P/E ratio for Tata Chemicals (TATACHEM.NS)

P/E ratio as of March 2024 (TTM): 12.0

According to Tata Chemicals 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.9937. At the end of 2022 the company had a P/E ratio of 11.7.

P/E ratio history for Tata Chemicals from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202211.7-57.42%
202127.41402.01%
20201.82-89.33%
201917.181.99%
20189.40-19.99%
201711.7-18.98%
201614.5-29.84%
201520.7-203.32%
2014-20.0-101.6%
2013> 10009974.02%
201212.4

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.