P/E ratio for Wipro (WIT)
P/E ratio as of March 2023 (TTM): 17.3
According to Wipro's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.2943. 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 |
|---|---|---|
| 2021 | 32.7 | 38.82% |
| 2020 | 23.6 | 49.98% |
| 2019 | 15.7 | -38.46% |
| 2018 | 25.5 | -5.16% |
| 2017 | 26.9 | 7.97% |
| 2016 | 25.0 | -8.76% |
| 2015 | 27.3 | 3.82% |
| 2014 | 26.3 | -21.76% |
| 2013 | 33.7 | 57.41% |
| 2012 | 21.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 IBM IBM | 88.8 | 413.34% | 🇺🇸 USA |
 Cognizant Technology Solutions CTSH | 13.1 | -24.52% | 🇺🇸 USA |
 HP HPQ | 11.1 | -35.54% | 🇺🇸 USA |
 Accenture ACN | 22.6 | 30.94% | 🇮🇪 Ireland |
 Infosys INFY | 23.9 | 37.92% | 🇮🇳 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.