P/E ratio for JSW Steel (JSWSTEEL.NS)
P/E ratio as of May 2024 (TTM): 22.8
According to JSW Steel's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.8023. At the end of 2022 the company had a P/E ratio of 49.6.
P/E ratio history for JSW Steel from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 49.6 | 579.71% |
| 2021 | 7.29 | -69.08% |
| 2020 | 23.6 | 93.62% |
| 2019 | 12.2 | 50.49% |
| 2018 | 8.10 | -46.38% |
| 2017 | 15.1 | 11.07% |
| 2016 | 13.6 | -96.69% |
| 2015 | 411 | 3459.31% |
| 2014 | 11.6 | -87.95% |
| 2013 | 95.9 | 643.15% |
| 2012 | 12.9 |
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.