P/E ratio for Bajaj Finance (BAJFINANCE.NS)
P/E ratio as of May 2024 (TTM): 30.7
According to Bajaj Finance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.7462. At the end of 2022 the company had a P/E ratio of 36.9.
P/E ratio history for Bajaj Finance from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 36.9 | -47.75% |
| 2021 | 70.5 | -10.75% |
| 2020 | 79.0 | 76.39% |
| 2019 | 44.8 | 5.05% |
| 2018 | 42.7 | |
| 2014 | 20.5 | 86.1% |
| 2013 | 11.0 | 5.2% |
| 2012 | 10.4 |
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.