P/E ratio for Wheels India (WHEELS.NS)
P/E ratio as of May 2024 (TTM): 24.2
According to Wheels India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.2188. At the end of 2022 the company had a P/E ratio of 22.9.
P/E ratio history for Wheels India from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.9 | 16.91% |
| 2021 | 19.6 | -136.02% |
| 2020 | -54.3 | -346.9% |
| 2019 | 22.0 | |
| 2015 | 44.9 | 18.06% |
| 2014 | 38.1 | 88.25% |
| 2013 | 20.2 |
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.