P/E ratio for Tech Mahindra (TECHM.NS)
P/E ratio as of April 2024 (TTM): 29.3
According to Tech Mahindra 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.3186. At the end of 2022 the company had a P/E ratio of 17.2.
P/E ratio history for Tech Mahindra from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.2 | -43.81% |
| 2021 | 30.6 | 49.14% |
| 2020 | 20.5 | 33.85% |
| 2019 | 15.3 | 4.76% |
| 2018 | 14.6 | 4.74% |
| 2017 | 13.9 | 1.62% |
| 2016 | 13.7 | -21.7% |
| 2015 | 17.5 | -20.46% |
| 2014 | 22.0 | 60.12% |
| 2013 | 13.8 | 40.44% |
| 2012 | 9.80 |
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.