P/E ratio for Abbott India (ABBOTINDIA.NS)
P/E ratio as of May 2024 (TTM): 54.1
According to Abbott India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 54.1293. At the end of 2022 the company had a P/E ratio of 48.9.
P/E ratio history for Abbott India from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 48.9 | -12.72% |
| 2021 | 56.0 | 8.44% |
| 2020 | 51.6 | 10.56% |
| 2019 | 46.7 | 27.79% |
| 2018 | 36.5 | 7.33% |
| 2017 | 34.0 | -0.42% |
| 2016 | 34.2 | -34.36% |
| 2015 | 52.1 | |
| 2012 | 21.8 |
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.