P/E ratio for Vodafone Idea (IDEA.NS)
P/E ratio as of April 2024 (TTM): -1.83
According to Vodafone Idea 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.8318. At the end of 2022 the company had a P/E ratio of -0.8458.
P/E ratio history for Vodafone Idea from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.8458 | -44.9% |
| 2021 | -1.54 | 142% |
| 2020 | -0.6343 | 186.2% |
| 2019 | -0.2216 | -87.75% |
| 2018 | -1.81 | -82.88% |
| 2017 | -10.6 | -113.28% |
| 2016 | 79.6 | 397.31% |
| 2015 | 16.0 | -14.83% |
| 2014 | 18.8 | -42.59% |
| 2013 | 32.7 | -9.65% |
| 2012 | 36.2 |
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.