P/E ratio for Tata Steel Long Products (TATASTLLP.NS)
P/E ratio as of April 2024 (TTM): -1.91
According to Tata Steel Long Products's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.90725. At the end of 2022 the company had a P/E ratio of -1.81.
P/E ratio history for Tata Steel Long Products from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -1.81 | -150.01% |
| 2021 | 3.62 | -84.44% |
| 2020 | 23.3 | -724.04% |
| 2019 | -3.73 | -145.19% |
| 2018 | 8.25 | -37.44% |
| 2017 | 13.2 | -22.94% |
| 2016 | 17.1 |
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.