Wipro
WIT
#634
Rank
$27.18 B
Marketcap
$4.95
Share price
-1.00%
Change (1 day)
-40.93%
Change (1 year)

P/E ratio for Wipro (WIT)

P/E ratio as of November 2022 (TTM): 18.6

According to Wipro's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.5795. At the end of 2021 the company had a P/E ratio of 32.7.

P/E ratio history for Wipro from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202132.738.82%
202023.649.98%
201915.7-38.46%
201825.5-5.16%
201726.97.97%
201625.0-8.76%
201527.33.82%
201426.3-21.76%
201333.757.41%
201221.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
103 454.07%๐Ÿ‡บ๐Ÿ‡ธ USA
13.4-28.12%๐Ÿ‡บ๐Ÿ‡ธ USA
5.04-72.85%๐Ÿ‡บ๐Ÿ‡ธ USA
26.8 44.02%๐Ÿ‡ฎ๐Ÿ‡ช Ireland
28.0 50.93%๐Ÿ‡ฎ๐Ÿ‡ณ India

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.