P/E ratio for UltraTech Cement (ULTRACEMCO.NS)
P/E ratio as of April 2024 (TTM): 46.9
According to UltraTech Cement 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 46.8842. At the end of 2022 the company had a P/E ratio of 33.4.
P/E ratio history for UltraTech Cement from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 33.4 | 3.39% |
| 2021 | 32.3 | 46.53% |
| 2020 | 22.0 | -28.9% |
| 2019 | 31.0 | -49.66% |
| 2018 | 61.5 | 31.7% |
| 2017 | 46.7 | 46.97% |
| 2016 | 31.8 | -3.51% |
| 2015 | 32.9 | 3.45% |
| 2014 | 31.8 |
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.