Tata Elxsi
TATAELXSI.NS
#2524
Rank
$5.43 B
Marketcap
$87.23
Share price
-0.75%
Change (1 day)
-3.90%
Change (1 year)

P/E ratio for Tata Elxsi (TATAELXSI.NS)

P/E ratio as of May 2024 (TTM): 57.6

According to Tata Elxsi's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 57.6211. At the end of 2022 the company had a P/E ratio of 54.9.

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

PE ratio at the end of each year

Year P/E ratio Change
202254.9-24.21%
202172.4112.18%
202034.162.69%
201921.0-4.63%
201822.0-21.91%
201728.210.94%
201625.4
201419.8-10.95%
201322.2-33.34%
201233.3

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.