Home > PE Ratio > ARTEMIS MEDICARE SERVICES

ARTEMIS MEDICARE SERVICES
PE (Price/Earnings) Ratio

The Current P/E Ratio of ARTEMIS MEDICARE SERVICES is 50.66.

Share Price ₹169.8Mar 28,2024
Market Cap ₹2,307.6 Cr
Earnings-TTM₹45.5 CrTTM-Consolidated Results
Price/Earnings50.66xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for ARTEMIS MEDICARE SERVICES
Please provide your vote to see the results

Definition & Calculation of PE (Price/Earnings) ratio of ARTEMIS MEDICARE SERVICES

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 ARTEMIS MEDICARE SERVICES is calculated as :

Current Market Cap [ ₹2,307.6 Cr] as on Mar 28,2024

(/) Earnings [ ₹45.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 50.66x ]

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

Thus, for ARTEMIS MEDICARE SERVICES , the investors are currently willing to pay 50.66 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 ARTEMIS MEDICARE SERVICES !

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 ARTEMIS MEDICARE SERVICES over the last five years.

Historical PE (Price/Earnings) ratio chart of ARTEMIS MEDICARE SERVICES


PE Ratio Performance Analysis for ARTEMIS MEDICARE SERVICES

- ARTEMIS MEDICARE SERVICES 's latest p/e ratio is 50.66x.

- ARTEMIS MEDICARE SERVICES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.64x.

- ARTEMIS MEDICARE SERVICES 's operated at median p/e ratio of 4.53x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ARTEMIS MEDICARE SERVICES 's p/e ratio peaked in Mar2023 at 23.65x.

- ARTEMIS MEDICARE SERVICES 's p/e ratio hit its five-year low in Mar2019 of 0x.


How does ARTEMIS MEDICARE SERVICES 's P/E Ratio benchmark against top 10 peers in Hospital & Healthcare Services Industry?

Peer Comparison (Hospital & Healthcare Services Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ARTEMIS MEDICARE SERVICES 45.5550.662,307.6
APOLLO HOSPITALS ENTERPRISE LTD809.27112.8691,330.6
MAX HEALTHCARE INSTITUTE LTD1,057.0275.4379,735.7
GLOBAL HEALTH LTD451.7878.6735,542.3
FORTIS HEALTHCARE LTD573.4855.2831,700.7
NARAYANA HRUDAYALAYA LTD772.0833.8926,163.3
ASTER DM HEALTHCARE LTD418.6648.8220,437.6
DR LAL PATHLABS LTD333.4056.6518,888.1
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD363.3345.3316,470.5
RAINBOW CHILDRENS MEDICARE LTD221.0959.5913,174.9
METROPOLIS HEALTHCARE LTD125.4270.518,843.8

Hospital & Healthcare Services Industry Benchmark (Top 10) PE Analysis vs ARTEMIS MEDICARE SERVICES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 33.89x
Max industry PE 112.86x
Median industry PE 56.65x
Average industry PE 62.52x



You may also like the below Video Courses