P/E ratio for Unitech Group (UNITECH.NS)
P/E ratio as of May 2024 (TTM): -1.12
According to Unitech Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.12371. At the end of 2021 the company had a P/E ratio of -0.6551.
P/E ratio history for Unitech Group from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -0.6551 | 240.65% |
| 2020 | -0.1923 | -52.5% |
| 2019 | -0.4049 | 4.87% |
| 2018 | -0.3861 | |
| 2016 | -1.61 | -51.7% |
| 2015 | -3.34 | -175.04% |
| 2014 | 4.45 | -83.42% |
| 2013 | 26.8 | -47.35% |
| 2012 | 51.0 |
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.