P/E ratio for ZF Commercial Vehicle Control Systems India (ZFCVINDIA.NS)
P/E ratio as of May 2024 (TTM): 65.1
According to ZF Commercial Vehicle Control Systems India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 65.0505. At the end of 2022 the company had a P/E ratio of 62.2.
P/E ratio history for ZF Commercial Vehicle Control Systems India from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 62.2 | -48.59% |
| 2021 | 121 | 1.07% |
| 2020 | 120 | 74.82% |
| 2019 | 68.5 | 59.37% |
| 2018 | 43.0 | -22.48% |
| 2017 | 55.5 | 24.73% |
| 2016 | 44.5 | -31.39% |
| 2015 | 64.8 | -6.1% |
| 2014 | 69.0 | 100.47% |
| 2013 | 34.4 | 54.34% |
| 2012 | 22.3 |
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.