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ACTION CONSTRUCTION EQUIPMENT
PE (Price/Earnings) Ratio

The Current P/E Ratio of ACTION CONSTRUCTION EQUIPMENT is 66.25.

Share Price ₹1,540.4Apr 24,2024
Market Cap ₹18,345.6 Cr
Earnings-TTM₹276.9 CrTTM-Consolidated Results
Price/Earnings66.25xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ACTION CONSTRUCTION EQUIPMENT

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 ACTION CONSTRUCTION EQUIPMENT is calculated as :

Current Market Cap [ ₹18,345.6 Cr] as on Apr 24,2024

(/) Earnings [ ₹276.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 66.25x ]

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

Thus, for ACTION CONSTRUCTION EQUIPMENT , the investors are currently willing to pay 66.25 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 ACTION CONSTRUCTION EQUIPMENT !

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 ACTION CONSTRUCTION EQUIPMENT over the last five years.

Historical PE (Price/Earnings) ratio chart of ACTION CONSTRUCTION EQUIPMENT


PE Ratio Performance Analysis for ACTION CONSTRUCTION EQUIPMENT

- ACTION CONSTRUCTION EQUIPMENT 's latest p/e ratio is 66.25x.

- ACTION CONSTRUCTION EQUIPMENT 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 21.81x.

- ACTION CONSTRUCTION EQUIPMENT 's operated at median p/e ratio of 24.09x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ACTION CONSTRUCTION EQUIPMENT 's p/e ratio peaked in Mar2023 at 28.25x.

- ACTION CONSTRUCTION EQUIPMENT 's p/e ratio hit its five-year low in Mar2020 of 7.49x.


How does ACTION CONSTRUCTION EQUIPMENT 's P/E Ratio benchmark against top 10 peers in Construction Vehicles Industry?

Peer Comparison (Construction Vehicles Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ACTION CONSTRUCTION EQUIPMENT 276.9066.2518,345.6
BEML LTD182.6682.3015,033.0
SANGHVI MOVERS LTD174.1933.795,885.9
TIL LTD60.4825.351,533.2
BRADY & MORRIS ENGINEERING COMPANY LTD7.4029.42217.8

Construction Vehicles Industry Benchmark (Top 10) PE Analysis vs ACTION CONSTRUCTION EQUIPMENT 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 25.35x
Max industry PE 82.30x
Median industry PE 33.79x
Average industry PE 47.42x



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