Price Earning Ratio

Hi friends,

Can you explain me about price earning ratio P/E of the company.I just have the knowledge that it is the performance of the company, as this number is less performance is good and if the number is more performance is poor.
Please show me how to calculate.

Friends I dont know that whether the knowledge I have is right or wrong, I request you to help me to get the clear picture.

Thank you

pradeep:) :) :)

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