Home > PE Ratio > APL APOLLO TUBES

APL APOLLO TUBES
PE (Price/Earnings) Ratio

The Current P/E Ratio of APL APOLLO TUBES is 56.27.

Share Price ₹1,548.8Apr 15,2024
Market Cap ₹42,977.8 Cr
Earnings-TTM₹763.8 CrTTM-Consolidated Results
Price/Earnings56.27xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for APL APOLLO TUBES
Please provide your vote to see the results
APL APOLLO TUBES is part of below Screeners ↓
Top Mid Cap Stocks with Best Fundamentals

Definition & Calculation of PE (Price/Earnings) ratio of APL APOLLO TUBES

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 APL APOLLO TUBES is calculated as :

Current Market Cap [ ₹42,977.8 Cr] as on Apr 15,2024

(/) Earnings [ ₹763.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 56.27x ]

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

Thus, for APL APOLLO TUBES , the investors are currently willing to pay 56.27 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 APL APOLLO TUBES !

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 APL APOLLO TUBES over the last five years.

Historical PE (Price/Earnings) ratio chart of APL APOLLO TUBES


PE Ratio Performance Analysis for APL APOLLO TUBES

- APL APOLLO TUBES 's latest p/e ratio is 56.27x.

- APL APOLLO TUBES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 23.38x.

- APL APOLLO TUBES 's operated at median p/e ratio of 24.28x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, APL APOLLO TUBES 's p/e ratio peaked in Mar2023 at 52.02x.

- APL APOLLO TUBES 's p/e ratio hit its five-year low in Mar2020 of 1.3x.


How does APL APOLLO TUBES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
APL APOLLO TUBES 763.8256.2742,977.8
JSW STEEL LTD11,474.0018.34210,395.0
TATA STEEL LTD-3,899.20-51.51200,859.0
JINDAL STAINLESS LTD2,816.4120.2857,113.4
STEEL AUTHORITY OF INDIA LTD2,533.0124.6262,370.9
MOTHERSON SUMI WIRING INDIA LTD585.3451.9730,417.2
RATNAMANI METALS & TUBES LTD624.5632.7120,432.5
SHYAM METALICS AND ENERGY LTD1,101.7315.1916,729.8
WELSPUN CORP LTD894.1616.3414,614.1
JINDAL SAW LTD1,406.6011.2915,874.2
MAHARASHTRA SEAMLESS LTD1,131.4910.4911,868.3

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs APL APOLLO TUBES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -51.51x
Max industry PE 56.27x
Median industry PE 18.34x
Average industry PE 18.73x



You may also like the below Video Courses