P/E ratio for Pidilite (PIDILITIND.NS)
P/E ratio as of May 2024 (TTM): 109
According to Pidilite's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 108.755. At the end of 2022 the company had a P/E ratio of 104.
P/E ratio history for Pidilite from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 104 | 4.77% |
| 2021 | 99.4 | 8.91% |
| 2020 | 91.3 | 54.76% |
| 2019 | 59.0 | -2.13% |
| 2018 | 60.3 | 14.32% |
| 2017 | 52.7 | 52.06% |
| 2016 | 34.7 | -12.57% |
| 2015 | 39.7 | -28.07% |
| 2014 | 55.1 | 72.68% |
| 2013 | 31.9 | 16.67% |
| 2012 | 27.4 |
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.