P/E ratio for Thermax (THERMAX.NS)
P/E ratio as of May 2024 (TTM): 116
According to Thermax's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 115.65. At the end of 2022 the company had a P/E ratio of 55.9.
P/E ratio history for Thermax from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 55.9 | -11.96% |
| 2021 | 63.5 | -14.18% |
| 2020 | 73.9 | 82.15% |
| 2019 | 40.6 | -11.77% |
| 2018 | 46.0 | -32.59% |
| 2017 | 68.3 | 139.35% |
| 2016 | 28.5 |
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.