Tata Consultancy Services
TCS.NS
#74
Rank
$166.11 B
Marketcap
$45.91
Share price
-0.93%
Change (1 day)
20.25%
Change (1 year)

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
202229.4-20.11%
202136.86.9%
202034.437.39%
201925.05.06%
201823.818.61%
201720.112.14%
201617.9-19.18%
201522.2-4.99%
201423.3-4.57%
201324.430.85%
201218.7

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.