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AKSH OPTIFIBRE
PE (Price/Earnings) Ratio

The Current P/E Ratio of AKSH OPTIFIBRE is -5.41.

Share Price ₹8.1Mar 28,2024
Market Cap ₹131.8 Cr
Earnings-TTM₹-24.4 CrTTM-Consolidated Results
Price/Earnings-5.41xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of AKSH OPTIFIBRE

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 AKSH OPTIFIBRE is calculated as :

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 ]

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

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 latest p/e ratio is -5.41x.

- 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 RatioMarket Cap
AKSH OPTIFIBRE -24.38-5.41131.8
POLYCAB INDIA LTD1,683.8845.2076,114.3
KEI INDUSTRIES LTD550.3656.6631,181.1
RR KABEL LTD250.8469.1517,345.9
FINOLEX CABLES LTD488.7431.3215,306.2
STERLITE TECHNOLOGIES LTD94.0047.044,422.2
PRECISION WIRES INDIA LTD63.8135.842,286.8
PARAMOUNT COMMUNICATIONS LTD69.8529.102,032.4
UNIVERSAL CABLES LTD23.2967.711,577.1
DYNAMIC CABLES LTD33.9824.03816.7
BIRLA CABLE LTD33.2920.35677.3

Cable Industry Benchmark (Top 10) PE Analysis vs AKSH OPTIFIBRE 's P/E Ratio

Top 10 Industry PeersPE 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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