P/E ratio for Tata Consultancy Services (TCS.NS)
P/E ratio as of April 2024 (TTM): 31.3
According to Tata Consultancy Services's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.2606. At the end of 2022 the company had a P/E ratio of 29.4.
P/E ratio history for Tata Consultancy Services from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 29.4 | -20.11% |
| 2021 | 36.8 | 6.9% |
| 2020 | 34.4 | 37.39% |
| 2019 | 25.0 | 5.06% |
| 2018 | 23.8 | 18.61% |
| 2017 | 20.1 | 12.14% |
| 2016 | 17.9 | -19.18% |
| 2015 | 22.2 | -4.99% |
| 2014 | 23.3 | -4.57% |
| 2013 | 24.4 | 30.85% |
| 2012 | 18.7 |
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.