P/E ratio for Tata Steel (TATASTEEL.NS)
P/E ratio as of April 2024 (TTM): -33.3
According to Tata Steel's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -33.285. At the end of 2022 the company had a P/E ratio of 8.18.
P/E ratio history for Tata Steel from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.18 | 128.35% |
| 2021 | 3.58 | -104.06% |
| 2020 | -88.3 | -954.02% |
| 2019 | 10.3 | 228.63% |
| 2018 | 3.15 | -92.09% |
| 2017 | 39.7 | -783.33% |
| 2016 | -5.82 | -20.47% |
| 2015 | -7.31 | -151.59% |
| 2014 | 14.2 | -237% |
| 2013 | -10.3 | -92.57% |
| 2012 | -139 |
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.