Azure Power Global Limited

Azure Power Global Limitedverified

AZRE

Price:

$1.69

Market Cap:

$2.74B

Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of renewable energy projects in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers. As of March 31, 2021, the company operated 45 utility scale projects with a combined rated capacity of 1,990 MWs. Azure Power Global Limited was founded in 2008 and is based in New Delhi, India.[Read more]

Industry

Renewable Utilities

IPO Date

2016-10-12

Stock Exchange

NYSE

Ticker

AZRE

The PE Ratio as of December 2024 (TTM) for Azure Power Global Limited (AZRE) is -2.14

According to Azure Power Global Limited’s latest financial reports and current stock price. The company's current PE Ratio is -2.14. This represents a change of -6.46% compared to the average of -2.29 of the last 4 quarters.

Azure Power Global Limited (AZRE) Historical PE Ratio (quarterly & annually)

How has AZRE PE Ratio performed in the past?

The mean historical PE Ratio of Azure Power Global Limited over the last ten years is 1.56K. The current -2.14 PE Ratio has changed -113.73% with respect to the historical average. Over the past ten years (40 quarters), AZRE's PE Ratio was at its highest in in the June 2021 quarter at 2.57K. The PE Ratio was at its lowest in in the September 2021 quarter at -4785.14.

Quarterly (TTM)
Annual

Average

1.56K

Median

-468.50

Minimum

-2276.43

Maximum

23.90K

Azure Power Global Limited (AZRE) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Azure Power Global Limited PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.18%

Maximum Annual PE Ratio = 23.90K

Minimum Annual Increase = -1386.14%

Minimum Annual PE Ratio = -2276.43

Quarterly (TTM)
Annual
YearPE RatioChange
2024-1.92-66.60%
2023-5.74-99.75%
2022-2276.4335.18%
2021-1684.008.64%
2020-1550.05-106.49%
201923.90K-1386.14%
2018-1858.05113.84%
2017-868.911.18%
2016-68.09715.14%
2015-8.35-57.66%

Azure Power Global Limited (AZRE) Average PE Ratio

How has AZRE PE Ratio performed in the past?

The current PE Ratio of Azure Power Global Limited (AZRE) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

-761.37

5-year avg

-1103.63

10-year avg

1.56K

Azure Power Global Limited (AZRE) PE Ratio vs. Peers

How is AZRE’s PE Ratio compared to its peers?

Azure Power Global Limited’s PE Ratio is less than Altus Power, Inc. (18.38), less than Ormat Technologies, Inc. (35.73), less than Enlight Renewable Energy Ltd (43.36), less than Fluence Energy, Inc. (90.78), less than ReNew Energy Global Plc (232.46), greater than Energy Vault Holdings, Inc. (-3.06), less than Heliogen, Inc. (-0.09), less than Clearway Energy, Inc. (25.80), greater than Brookfield Renewable Corporation (-4.02), less than Clearway Energy, Inc. (25.80), less than NextEra Energy Partners, LP (8.06), greater than Algonquin Power & Utilities Corp. (-3.16), less than Atlantica Sustainable Infrastructure plc (85.13), greater than Brookfield Renewable Partners L.P. (-38.59),

Build a custom stock screener for Azure Power Global Limited (AZRE) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Azure Power Global Limited using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Azure Power Global Limited (AZRE) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Azure Power Global Limited or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the PE Ratio?

How can you use the PE Ratio?

What is Azure Power Global Limited's PE Ratio?

How is the PE Ratio calculated for Azure Power Global Limited (AZRE)?

What is the highest PE Ratio for Azure Power Global Limited (AZRE)?

What is the 3-year average PE Ratio for Azure Power Global Limited (AZRE)?

What is the 5-year average PE Ratio for Azure Power Global Limited (AZRE)?

How does the current PE Ratio for Azure Power Global Limited (AZRE) compare to its historical average?