P/E ratio for Torrent Power (TORNTPOWER.NS)
P/E ratio as of May 2024 (TTM): 33.0
According to Torrent Power's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.9789. At the end of 2022 the company had a P/E ratio of 20.0.
P/E ratio history for Torrent Power from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.0 | 0.9% |
| 2021 | 19.9 | -19.37% |
| 2020 | 24.6 | 165.95% |
| 2019 | 9.27 | -19.59% |
| 2018 | 11.5 | -27.58% |
| 2017 | 15.9 | -32.63% |
| 2016 | 23.6 | 186.97% |
| 2015 | 8.23 | -60.9% |
| 2014 | 21.0 | -118.42% |
| 2013 | -114 |
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.