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APOLLO TYRES
PE (Price/Earnings) Ratio

The Current P/E Ratio of APOLLO TYRES is 16.50.

Share Price ₹466.2Mar 28,2024
Market Cap ₹29,608.4 Cr
Earnings-TTM₹1,794.9 CrTTM-Consolidated Results
Price/Earnings16.50xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of APOLLO TYRES

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 APOLLO TYRES is calculated as :

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 ]

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

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 latest p/e ratio is 16.50x.

- 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 RatioMarket Cap
APOLLO TYRES 1,794.8516.5029,608.4
MRF LTD2,025.7927.9156,531.9
BALKRISHNA INDUSTRIES LTD1,244.5436.0144,810.9
JK TYRE & INDUSTRIES LTD749.1015.0311,255.4
CEAT LTD646.3416.7610,831.5
TVS SRICHAKRA LTD106.3628.122,990.4
GOODYEAR INDIA LTD132.6719.162,542.2

Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs APOLLO TYRES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 15.03x
Max industry PE 36.01x
Median industry PE 19.16x
Average industry PE 22.78x



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