Vodafone Idea
IDEA.NS
#1316
Rank
$13.06 B
Marketcap
$0.19
Share price
-2.19%
Change (1 day)
113.74%
Change (1 year)

P/E ratio for Vodafone Idea (IDEA.NS)

P/E ratio as of June 2024 (TTM): -2.26

According to Vodafone Idea 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.25511. 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%
2021-1.54142%
2020-0.6343186.2%
2019-0.2216-87.75%
2018-1.81-82.88%
2017-10.6-113.28%
201679.6397.31%
201516.0-14.83%
201418.8-42.59%
201332.7-9.65%
201236.2

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.