APOLLO TYRES
|
The Current P/E Ratio of APOLLO TYRES is 16.50.
Share Price | ₹466.2 | Mar 28,2024 |
Market Cap | ₹29,608.4 Cr | |
Earnings-TTM | ₹1,794.9 Cr | TTM-Consolidated Results |
Price/Earnings | 16.50x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of APOLLO TYRES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹29,608.4 Cr] as on Mar 28,2024
(/) Earnings [ ₹1,794.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 16.50x ]
Thus, for APOLLO TYRES , the investors are currently willing to pay 16.50 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 APOLLO TYRES !
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 APOLLO TYRES over the last five years.
Historical PE (Price/Earnings) ratio chart of APOLLO TYRES
PE Ratio Performance Analysis for APOLLO TYRES
- APOLLO TYRES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 21.23x.
- APOLLO TYRES 's operated at median p/e ratio of 18.66x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, APOLLO TYRES 's p/e ratio peaked in Mar2021 at 40.58x.
- APOLLO TYRES 's p/e ratio hit its five-year low in Mar2020 of 9.53x.
How does APOLLO TYRES 's P/E Ratio benchmark against top 10 peers in Tyres & Allied Industry?
Peer Comparison (Tyres & Allied Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
APOLLO TYRES | 1,794.85 | 16.50 | 29,608.4 |
MRF LTD | 2,025.79 | 27.91 | 56,531.9 |
BALKRISHNA INDUSTRIES LTD | 1,244.54 | 36.01 | 44,810.9 |
JK TYRE & INDUSTRIES LTD | 749.10 | 15.03 | 11,255.4 |
CEAT LTD | 646.34 | 16.76 | 10,831.5 |
TVS SRICHAKRA LTD | 106.36 | 28.12 | 2,990.4 |
GOODYEAR INDIA LTD | 132.67 | 19.16 | 2,542.2 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs APOLLO TYRES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 15.03x |
Max industry PE | 36.01x |
Median industry PE | 19.16x |
Average industry PE | 22.78x |
You may also like the below Video Courses