P/E ratio for Time Technoplast (TIMETECHNO.NS)
P/E ratio as of May 2024 (TTM): 27.0
According to Time Technoplast's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.0234. At the end of 2022 the company had a P/E ratio of 9.65.
P/E ratio history for Time Technoplast from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.65 | 3.57% |
| 2021 | 9.31 | -25.38% |
| 2020 | 12.5 | 102.16% |
| 2019 | 6.17 | -50.05% |
| 2018 | 12.4 | -55.46% |
| 2017 | 27.8 | 96.48% |
| 2016 | 14.1 | 68.15% |
| 2015 | 8.40 | -21.12% |
| 2014 | 10.6 | 14.89% |
| 2013 | 9.27 | -2.6% |
| 2012 | 9.52 |
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.