Wipro
WIT
#654
Rank
$28.91 B
Marketcap
$5.52
Share price
5.14%
Change (1 day)
20.79%
Change (1 year)

P/E ratio for Wipro (WIT)

P/E ratio as of April 2024 (TTM): 21.2

According to Wipro's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.2061. At the end of 2022 the company had a P/E ratio of 17.9.

P/E ratio history for Wipro from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202217.9-45.41%
202132.738.82%
202023.649.98%
201915.7-38.43%
201825.5-5.21%
201726.97.91%
201625.0-8.61%
201527.33.71%
201426.3-21.76%
201333.757.35%
201221.4-17.06%
201125.8-34.57%
201039.4-0.12%
200939.5138.31%
200816.6-49.64%
200732.9-29.78%
200646.80.77%
200546.5-26.43%
200463.2-14.93%
200374.3-19.81%
200292.6-8.28%
2001101

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
23.9 12.57%๐Ÿ‡บ๐Ÿ‡ธ USA
16.6-21.94%๐Ÿ‡บ๐Ÿ‡ธ USA
11.8-44.13%๐Ÿ‡บ๐Ÿ‡ธ USA
29.1 37.32%๐Ÿ‡ฎ๐Ÿ‡ช Ireland
24.0 13.31%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.