Azure Power Global (Azure Power Global) Forward PE Ratio : 0.00 (As of May. 24, 2024)

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What is Azure Power Global Forward PE Ratio?

Azure Power Global's Forward PE Ratio for today is 0.00.

Azure Power Global's PE Ratio without NRI for today is 0.00.

Azure Power Global's PE Ratio for today is 0.00.

Azure Power Global Forward PE Ratio Historical Data

The historical data trend for Azure Power Global's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Azure Power Global Forward PE Ratio Chart

Azure Power Global Annual Data

Trend

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-10

Forward PE Ratio

34.72

47.39

17.12

25.19

83.33

34.84

2.94

11.15

Azure Power Global Quarterly Data
	2016-12	2017-03	2017-06	2017-12	2018-03	2018-12	2019-03	2019-06	2019-09	2019-12	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03
Forward PE Ratio	34.72	49.02	45.25	47.39	22.83	17.12	28.57	26.81	48.78	25.19	83.33	192.31	95.24	66.67	34.84	30.58	21.69	7.29	2.94	2.57

Competitive Comparison of Azure Power Global's Forward PE Ratio

For the Utilities - Renewable subindustry, Azure Power Global's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Azure Power Global's Forward PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Azure Power Global's Forward PE Ratio falls into.

Azure Power Global Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Azure Power Global (OTCPK:AZREF) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Azure Power Global Forward PE Ratio Related Terms

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Azure Power Global (Azure Power Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Azure Power Global Ltd (OTCPK:AZREF) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saket Place, 5th Floor, Southern Park, D-II, Saket, New Delhi, IND, 110017

Website

https://www.azurepower.com

Azure Power Global Ltd produces and sells solar power in India. It is engaged in the development, construction, ownership, operation, maintenance, and management of solar power plants and the generation of solar energy. The company generates revenue from a mix of Indian central and state government utilities and commercial entities. The Company has a single operating and reporting segment: Sale of power.