3M INDIA
|
The Current P/E Ratio of 3M INDIA is 60.29.
Share Price | ₹29,146.2 | May 08,2024 |
Market Cap | ₹32,935.2 Cr | |
Earnings-TTM | ₹546.3 Cr | TTM-Consolidated Results |
Price/Earnings | 60.29x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of 3M INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹32,935.2 Cr] as on May 08,2024
(/) Earnings [ ₹546.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 60.29x ]
Thus, for 3M INDIA , the investors are currently willing to pay 60.29 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of 3M INDIA !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of 3M INDIA over the last five years.
Historical PE (Price/Earnings) ratio chart of 3M INDIA
PE Ratio Performance Analysis for 3M INDIA
- 3M INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 97.78x.
- 3M INDIA 's operated at median p/e ratio of 74.04x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, 3M INDIA 's p/e ratio peaked in Mar2021 at 209.78x.
- 3M INDIA 's p/e ratio hit its five-year low in Mar2023 of 57.47x.
How does 3M INDIA 's P/E Ratio benchmark against top 10 peers in Diversified Industry?
Peer Comparison (Diversified Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
3M INDIA | 546.29 | 60.29 | 32,935.2 |
GRASIM INDUSTRIES LTD | 9,477.51 | 17.08 | 161,858.0 |
CENTURY TEXTILES & INDUSTRIES LTD | 222.43 | 99.38 | 22,106.2 |
DCM SHRIRAM LTD | 447.10 | 34.86 | 15,587.2 |
BIRLA CORPORATION LTD | 420.56 | 28.06 | 11,801.5 |
SURYA ROSHNI LTD | 380.82 | 18.16 | 6,917.6 |
BALMER LAWRIE & COMPANY LTD | 163.15 | 30.18 | 4,924.1 |
ASPINWALL AND COMPANY LTD | 6.55 | 32.76 | 214.6 |
GILLANDERS ARBUTHNOT & COMPANY LTD | -34.78 | -5.26 | 182.9 |
Diversified Industry Benchmark (Top 10) PE Analysis vs 3M INDIA 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -5.26x |
Max industry PE | 99.38x |
Median industry PE | 30.18x |
Average industry PE | 35.06x |
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