Rico Auto Industries
RICOAUTO.NS
#8587
Rank
HK$1.05 B
Marketcap
HK$7.79
Share price
0.13%
Change (1 day)
-1.23%
Change (1 year)

P/E ratio for Rico Auto Industries (RICOAUTO.NS)

P/E ratio as of December 2024 (TTM): 23.1

According to Rico Auto Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.1275. At the end of 2022 the company had a P/E ratio of 29.4.

P/E ratio history for Rico Auto Industries from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202229.427.34%
202123.1-234.24%
2020-17.2-175.04%
201922.949.72%
201815.3-48.99%
201730.0110.97%
201614.2-66.23%
201542.2944.84%
20144.04-72.14%
201314.5

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.