ACC
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The Current P/E Ratio of ACC is 19.70.
| Share Price | ₹2,437.2 | May 07,2024 |
| Market Cap | ₹45,769.7 Cr | |
| Earnings-TTM | ₹2,323.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 19.70x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of ACC
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 [ ₹45,769.7 Cr] as on May 07,2024
(/) Earnings [ ₹2,323.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 19.70x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for ACC , the investors are currently willing to pay 19.70 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 ACC !
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 ACC over the last five years.
Thus, for ACC , the investors are currently willing to pay 19.70 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 ACC !
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 ACC over the last five years.
Historical PE (Price/Earnings) ratio chart of ACC
PE Ratio Performance Analysis for ACC
- ACC 's latest p/e ratio is 19.70x.
- ACC 's p/e ratio for fiscal years ending Mar2023 to Dec2018 averaged 23.45x.
- ACC 's operated at median p/e ratio of 21.25x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ACC 's p/e ratio peaked in Mar2023 at 35.36x.
- ACC 's p/e ratio hit its five-year low in Dec2018 of 18.59x.
- ACC 's p/e ratio for fiscal years ending Mar2023 to Dec2018 averaged 23.45x.
- ACC 's operated at median p/e ratio of 21.25x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ACC 's p/e ratio peaked in Mar2023 at 35.36x.
- ACC 's p/e ratio hit its five-year low in Dec2018 of 18.59x.
How does ACC 's P/E Ratio benchmark against top 10 peers in Cement & Construction Materials Industry?
| Peer Comparison (Cement & Construction Materials Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| ACC | 2,323.60 | 19.70 | 45,769.7 |
| ULTRATECH CEMENT LTD | 6,981.95 | 40.06 | 279,694.0 |
| AMBUJA CEMENTS LTD | 4,715.13 | 33.68 | 158,784.0 |
| SHREE CEMENT LTD | 2,245.62 | 40.76 | 91,526.4 |
| DALMIA BHARAT LTD | 854.00 | 38.79 | 33,127.5 |
| JK CEMENT LTD | 685.50 | 44.03 | 30,182.1 |
| THE RAMCO CEMENTS LTD | 414.38 | 43.18 | 17,890.9 |
| NUVOCO VISTAS CORPORATION LTD | 147.37 | 78.72 | 11,600.4 |
| JK LAKSHMI CEMENT LTD | 440.59 | 21.18 | 9,333.0 |
| STAR CEMENT LTD | 303.56 | 30.54 | 9,271.9 |
| PRISM JOHNSON LTD | 182.79 | 42.10 | 7,696.3 |
Cement & Construction Materials Industry Benchmark (Top 10) PE Analysis vs ACC 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 19.70x |
| Max industry PE | 78.72x |
| Median industry PE | 40.06x |
| Average industry PE | 39.34x |
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