Tube Investments of India
TIINDIA.NS
#2012
Rank
$7.89 B
Marketcap
$40.75
Share price
-0.21%
Change (1 day)
6.13%
Change (1 year)

P/E ratio for Tube Investments of India (TIINDIA.NS)

P/E ratio as of November 2024 (TTM): 63.3

According to Tube Investments of India's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 63.322. At the end of 2022 the company had a P/E ratio of 65.2.

P/E ratio history for Tube Investments of India from 2017 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202265.293.83%
202133.6-55.4%
202075.4151.78%
201930.0-0.04%
201830.0-4.38%
201731.3

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.