Rane Holdings
RANEHOLDIN.NS
#7395
Rank
โ‚น26.00 B
Marketcap
โ‚น1,821
Share price
0.29%
Change (1 day)
45.64%
Change (1 year)

P/E ratio for Rane Holdings (RANEHOLDIN.NS)

P/E ratio as of November 2024 (TTM): 27.4

According to Rane Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.3777. At the end of 2022 the company had a P/E ratio of 53.3.

P/E ratio history for Rane Holdings from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202253.322.64%
202143.5-232.06%
2020-32.9-174.01%
201944.5143.86%
201818.2-21.85%
201723.3136.94%
20169.85-20.61%
201512.4-2.63%
201412.7-8.42%
201313.9

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.