P/E ratio for Tata Communications (TATACOMM.NS)
P/E ratio as of May 2024 (TTM): 47.6
According to Tata Communications's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 47.6156. At the end of 2018 the company had a P/E ratio of < -1000.
P/E ratio history for Tata Communications from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2018 | < -1000 | 8386.35% |
| 2017 | -25.6 | -59.7% |
| 2016 | -63.5 | -172.7% |
| 2015 | 87.3 | |
| 2013 | 26.5 | |
| 2011 | -5.45 |
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.