Tech Mahindra
TECHM.NS
#1230
Rank
$14.56 B
Marketcap
$14.90
Share price
-3.54%
Change (1 day)
10.48%
Change (1 year)

P/E ratio for Tech Mahindra (TECHM.NS)

P/E ratio as of May 2024 (TTM): 30.1

According to Tech Mahindra 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.1359. 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
202217.2-43.81%
202130.649.14%
202020.533.85%
201915.34.76%
201814.64.74%
201713.91.62%
201613.7-21.7%
201517.5-20.46%
201422.060.12%
201313.840.44%
20129.80

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.