P/E ratio for Vedanta (VEDL.NS)
P/E ratio as of April 2024 (TTM): 13.8
According to Vedanta's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.7813. At the end of 2022 the company had a P/E ratio of 7.89.
P/E ratio history for Vedanta from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.89 | 21.29% |
| 2021 | 6.50 | -171.11% |
| 2020 | -9.15 | -237.25% |
| 2019 | 6.66 | -17.78% |
| 2018 | 8.10 | -50.57% |
| 2017 | 16.4 | -286.22% |
| 2016 | -8.80 | 467.42% |
| 2015 | -1.55 | -100.95% |
| 2014 | 164 | 5429.8% |
| 2013 | 2.96 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Steel Dynamics
STLD | 8.56 | -37.90% | 🇺🇸 USA |
 Cleveland-Cliffs CLF | 26.3 | 90.48% | 🇺🇸 USA |
 Cameco
CCJ | 111 | 707.17% | 🇨🇦 Canada |
 Allegheny Technologies
ATI | 22.2 | 61.32% | 🇺🇸 USA |
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.