Which are the best cybersecurity stocks in India right now?
As per Equitymaster's Indian Stock Screener, here is a list of the best cybersecurity stocks in India right now...
- #1 EXPLEO SOLUTIONS
- #2 SASKEN TECHNOLOGIES
- #3 QUICK HEAL TECHNOLOGIES
- #4 R.S.SOFTWARE
- #5 SECUREKLOUD TECHNOLOGIES
These companies have been ranked as per their PE (Price to Earnings) ratio. Generally, speaking, high PE stocks are considered to be expensive. And low PE stocks are said to be cheap.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
Where can I find a list of cybersecurity stocks?
The details of listed cybersecurity companies can be found on the NSE and BSE website.
For a curated list you can check out our list of cybersecurity stocks.
What are the metrics used to evaluate cybersecurity companies?
Investing in stocks requires careful analysis of financial data to find out a company's true worth. However, an easier way to find out about a company's performance is to look at its financial ratios.
Two commonly used financial ratios used in the valuation of stocks are -
Price to Earnings Ratio (P/E) - It compares the company's stock price with its earnings per share. The higher the P/E ratio, the more expensive the stock.
Price to Book Value Ratio (P/BV) - It compares a firm's market capitalization to its book value. A high P/BV indicates markets believe the company's assets to be undervalued and vice versa.
To know more about the cybersecurity or tech sector's past and ongoing performance, have a look at the performance of the NIFTY IT Index and BSE IT Index.