P/E ratio for Tata Power (TATAPOWER.NS)
P/E ratio as of April 2024 (TTM): 39.2
According to Tata Power 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.1547. At the end of 2022 the company had a P/E ratio of 21.7.
P/E ratio history for Tata Power from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.7 | -51.92% |
| 2021 | 45.1 | 73.82% |
| 2020 | 25.9 | 6.06% |
| 2019 | 24.5 | 302.87% |
| 2018 | 6.07 | -82.75% |
| 2017 | 35.2 | 18.26% |
| 2016 | 29.8 | -3.82% |
| 2015 | 30.9 | -146.44% |
| 2014 | -66.6 | -24.2% |
| 2013 | -87.9 | 260.9% |
| 2012 | -24.4 |
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.