ABAN OFFSHORE
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The Current P/E Ratio of ABAN OFFSHORE is -0.31.
| Share Price | ₹71.2 | Apr 23,2024 |
| Market Cap | ₹415.9 Cr | |
| Earnings-TTM | ₹-1,356.0 Cr | TTM-Consolidated Results |
| Price/Earnings | -0.31x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of ABAN OFFSHORE
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)
Current Market Cap [ ₹415.9 Cr] as on Apr 23,2024
(/) Earnings [ ₹-1,356.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ -0.31x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for ABAN OFFSHORE , the investors are currently willing to pay -0.31 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 ABAN OFFSHORE !
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 ABAN OFFSHORE over the last five years.
Thus, for ABAN OFFSHORE , the investors are currently willing to pay -0.31 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 ABAN OFFSHORE !
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 ABAN OFFSHORE over the last five years.
Historical PE (Price/Earnings) ratio chart of ABAN OFFSHORE
PE Ratio Performance Analysis for ABAN OFFSHORE
- ABAN OFFSHORE 's latest p/e ratio is -0.31x.
- ABAN OFFSHORE 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.00x.
- ABAN OFFSHORE 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ABAN OFFSHORE 's p/e ratio peaked in Mar2023 at 0x.
- ABAN OFFSHORE 's p/e ratio hit its five-year low in Mar2023 of 0x.
- ABAN OFFSHORE 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.00x.
- ABAN OFFSHORE 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ABAN OFFSHORE 's p/e ratio peaked in Mar2023 at 0x.
- ABAN OFFSHORE 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does ABAN OFFSHORE 's P/E Ratio benchmark against top 10 peers in Oil Exploration Industry?
| Peer Comparison (Oil Exploration Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| ABAN OFFSHORE | -1,355.95 | -0.31 | 415.9 |
| OIL & NATURAL GAS CORPORATION LTD | 50,690.90 | 6.87 | 348,096.0 |
| OIL INDIA LTD | 6,730.33 | 9.52 | 64,082.9 |
| HINDUSTAN OIL EXPLORATION COMPANY LTD | 263.82 | 10.21 | 2,694.5 |
| JINDAL DRILLING & INDUSTRIES LTD | 100.20 | 22.49 | 2,253.1 |
| ASIAN ENERGY SERVICES LTD | 3.98 | 292.99 | 1,167.0 |
| SELAN EXPLORATION TECHNOLOGY LTD | 25.84 | 37.58 | 971.1 |
| DEEP ENERGY RESOURCES LTD | -0.64 | -915.64 | 587.8 |
| GUJARAT NATURAL RESOURCES LTD | -2.39 | -52.59 | 125.8 |
| AAKASH EXPLORATION SERVICES LTD | 3.76 | 28.99 | 108.8 |
Oil Exploration Industry Benchmark (Top 10) PE Analysis vs ABAN OFFSHORE 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -915.64x |
| Max industry PE | 292.99x |
| Median industry PE | 10.21x |
| Average industry PE | -55.99x |
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