Oil India
OIL.NS
#1964
Rank
โ‚น686.33 B
Marketcap
โ‚น421.80
Share price
-3.91%
Change (1 day)
68.57%
Change (1 year)

P/E ratio for Oil India (OIL.NS)

P/E ratio as of December 2024 (TTM): 6.02

According to Oil India 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.01726. At the end of 2022 the company had a P/E ratio of 1.65.

P/E ratio history for Oil India from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20221.65-48.79%
20213.23110.4%
20201.53-70.07%
20195.13

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.