P/E ratio for Tata Elxsi (TATAELXSI.NS)
P/E ratio as of June 2024 (TTM): 56.3
According to Tata Elxsi's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 56.311. At the end of 2022 the company had a P/E ratio of 54.9.
P/E ratio history for Tata Elxsi from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 54.9 | -24.21% |
| 2021 | 72.4 | 112.18% |
| 2020 | 34.1 | 62.69% |
| 2019 | 21.0 | -4.63% |
| 2018 | 22.0 | -21.91% |
| 2017 | 28.2 | 10.94% |
| 2016 | 25.4 | |
| 2014 | 19.8 | -10.95% |
| 2013 | 22.2 | -33.34% |
| 2012 | 33.3 |
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.