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AAKASH EXPLORATION SERVICES
PE (Price/Earnings) Ratio

The Current P/E Ratio of AAKASH EXPLORATION SERVICES is 24.66.

Share Price ₹9.2Mar 28,2024
Market Cap ₹92.6 Cr
Earnings-TTM₹3.8 CrTTM-Standalone Results
Price/Earnings24.66xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of AAKASH EXPLORATION SERVICES

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of AAKASH EXPLORATION SERVICES is calculated as :

Current Market Cap [ ₹92.6 Cr] as on Mar 28,2024

(/) Earnings [ ₹3.8 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 24.66x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for AAKASH EXPLORATION SERVICES , the investors are currently willing to pay 24.66 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 AAKASH EXPLORATION SERVICES !

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 AAKASH EXPLORATION SERVICES over the last five years.

Historical PE (Price/Earnings) ratio chart of AAKASH EXPLORATION SERVICES


PE Ratio Performance Analysis for AAKASH EXPLORATION SERVICES

- AAKASH EXPLORATION SERVICES 's latest p/e ratio is 24.66x.

- AAKASH EXPLORATION SERVICES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 11.70x.

- AAKASH EXPLORATION SERVICES 's operated at median p/e ratio of 3.18x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, AAKASH EXPLORATION SERVICES 's p/e ratio peaked in Mar2022 at 41.1x.

- AAKASH EXPLORATION SERVICES 's p/e ratio hit its five-year low in Mar2019 of 0.24x.


How does AAKASH EXPLORATION SERVICES 's P/E Ratio benchmark against top 10 peers in Oil Exploration Industry?

Peer Comparison (Oil Exploration Industry)Earnings-TTM (Cr)PE RatioMarket Cap
AAKASH EXPLORATION SERVICES 3.7624.6692.6
OIL & NATURAL GAS CORPORATION LTD50,690.906.65336,963.0
OIL INDIA LTD6,730.339.6765,075.2
HINDUSTAN OIL EXPLORATION COMPANY LTD263.828.892,346.7
JINDAL DRILLING & INDUSTRIES LTD100.2018.401,843.3
ASIAN ENERGY SERVICES LTD3.98278.091,107.6
SELAN EXPLORATION TECHNOLOGY LTD25.8426.46683.7
DEEP ENERGY RESOURCES LTD-0.64-888.97570.7
ABAN OFFSHORE LTD-1,355.95-0.21291.2
GUJARAT NATURAL RESOURCES LTD-2.39-50.35120.4

Oil Exploration Industry Benchmark (Top 10) PE Analysis vs AAKASH EXPLORATION SERVICES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -888.97x
Max industry PE 278.09x
Median industry PE 9.67x
Average industry PE -56.67x



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