AKSH OPTIFIBRE
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The Current P/E Ratio of AKSH OPTIFIBRE is -5.41.
Share Price | ₹8.1 | Mar 28,2024 |
Market Cap | ₹131.8 Cr | |
Earnings-TTM | ₹-24.4 Cr | TTM-Consolidated Results |
Price/Earnings | -5.41x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of AKSH OPTIFIBRE
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹131.8 Cr] as on Mar 28,2024
(/) Earnings [ ₹-24.4 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ -5.41x ]
Thus, for AKSH OPTIFIBRE , the investors are currently willing to pay -5.41 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 AKSH OPTIFIBRE !
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 AKSH OPTIFIBRE over the last five years.
Historical PE (Price/Earnings) ratio chart of AKSH OPTIFIBRE
PE Ratio Performance Analysis for AKSH OPTIFIBRE
- AKSH OPTIFIBRE 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 5.69x.
- AKSH OPTIFIBRE '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, AKSH OPTIFIBRE 's p/e ratio peaked in Mar2019 at 28.47x.
- AKSH OPTIFIBRE 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does AKSH OPTIFIBRE 's P/E Ratio benchmark against top 10 peers in Cable Industry?
Peer Comparison (Cable Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
AKSH OPTIFIBRE | -24.38 | -5.41 | 131.8 |
POLYCAB INDIA LTD | 1,683.88 | 45.20 | 76,114.3 |
KEI INDUSTRIES LTD | 550.36 | 56.66 | 31,181.1 |
RR KABEL LTD | 250.84 | 69.15 | 17,345.9 |
FINOLEX CABLES LTD | 488.74 | 31.32 | 15,306.2 |
STERLITE TECHNOLOGIES LTD | 94.00 | 47.04 | 4,422.2 |
PRECISION WIRES INDIA LTD | 63.81 | 35.84 | 2,286.8 |
PARAMOUNT COMMUNICATIONS LTD | 69.85 | 29.10 | 2,032.4 |
UNIVERSAL CABLES LTD | 23.29 | 67.71 | 1,577.1 |
DYNAMIC CABLES LTD | 33.98 | 24.03 | 816.7 |
BIRLA CABLE LTD | 33.29 | 20.35 | 677.3 |
Cable Industry Benchmark (Top 10) PE Analysis vs AKSH OPTIFIBRE 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -5.41x |
Max industry PE | 69.15x |
Median industry PE | 35.84x |
Average industry PE | 38.27x |
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