Orient Cement
ORIENTCEM.NS
#5860
Rank
ยฃ0.64 B
Marketcap
ยฃ3.14
Share price
-0.70%
Change (1 day)
44.12%
Change (1 year)

P/E ratio for Orient Cement (ORIENTCEM.NS)

P/E ratio as of November 2024 (TTM): 54.6

According to Orient Cement 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 54.596. At the end of 2022 the company had a P/E ratio of 19.6.

P/E ratio history for Orient Cement from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202219.673.55%
202111.30.21%
202011.2-17.38%
201913.6-101.34%
2018< -1000-1524.96%
201771.4-185.42%
2016-83.5-455.41%
201523.51.4%
201423.2220.98%
20137.22

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.