Kitex Garments
KITEX.NS
#6426
Rank
ยฃ0.48 B
Marketcap
ยฃ7.21
Share price
1.81%
Change (1 day)
231.21%
Change (1 year)
Categories

P/E ratio for Kitex Garments (KITEX.NS)

P/E ratio as of December 2024 (TTM): 174

According to Kitex Garments's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 174.056. At the end of 2022 the company had a P/E ratio of 13.1.

P/E ratio history for Kitex Garments from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202213.1-10.12%
202114.526.03%
202011.585.95%
20196.20
201531.20.19%
201431.2248.9%
20138.93

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.