P/E ratio for Infibeam Avenues (INFIBEAM.NS)
P/E ratio as of May 2024 (TTM): 63.4
According to Infibeam Avenues's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 63.421. At the end of 2022 the company had a P/E ratio of 35.3.
P/E ratio history for Infibeam Avenues from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 35.3 | -69.86% |
| 2021 | 117 | -31.52% |
| 2020 | 171 | 334.71% |
| 2019 | 39.4 | -43.34% |
| 2018 | 69.5 | -58.86% |
| 2017 | 169 | -46.74% |
| 2016 | 317 |
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.