Eicher Motors
EICHERMOT.NS
#1164
Rank
HK$126.03 B
Marketcap
HK$459.78
Share price
2.13%
Change (1 day)
26.82%
Change (1 year)

P/E ratio for Eicher Motors (EICHERMOT.NS)

P/E ratio as of November 2024 (TTM): 41.2

According to Eicher Motors's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.1774. At the end of 2022 the company had a P/E ratio of 33.7.

P/E ratio history for Eicher Motors from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202233.7-24.25%
202144.5-27.58%
202061.462.1%
201937.927.24%
201829.8-28.33%
201741.68.17%
201638.4-1.01%
201538.81269.87%
20142.83-91.69%
201334.140.98%
201224.2

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.