P/E ratio for Voltas (VOLTAS.NS)
P/E ratio as of May 2024 (TTM): 236
According to Voltas 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 235.508. At the end of 2022 the company had a P/E ratio of 152.
P/E ratio history for Voltas from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 152 | 111.07% |
| 2021 | 72.2 | 17.85% |
| 2020 | 61.3 | 39.91% |
| 2019 | 43.8 | 34.14% |
| 2018 | 32.6 | -11.99% |
| 2017 | 37.1 | 63.02% |
| 2016 | 22.7 | -26.7% |
| 2015 | 31.0 | 41.92% |
| 2014 | 21.9 | -12.38% |
| 2013 | 25.0 | 115.63% |
| 2012 | 11.6 |
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.