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ARTSON ENGINEERING
PE (Price/Earnings) Ratio

The Current P/E Ratio of ARTSON ENGINEERING is 113.70.

Share Price ₹186.5May 06,2024
Market Cap ₹688.0 Cr
Earnings-TTM₹6.1 CrTTM-Standalone Results
Price/Earnings113.70xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ARTSON ENGINEERING

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 ARTSON ENGINEERING is calculated as :

Current Market Cap [ ₹688.0 Cr] as on May 06,2024

(/) Earnings [ ₹6.1 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 113.70x ]

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

Thus, for ARTSON ENGINEERING , the investors are currently willing to pay 113.70 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 ARTSON ENGINEERING !

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 ARTSON ENGINEERING over the last five years.

Historical PE (Price/Earnings) ratio chart of ARTSON ENGINEERING


PE Ratio Performance Analysis for ARTSON ENGINEERING

- ARTSON ENGINEERING 's latest p/e ratio is 113.70x.

- ARTSON ENGINEERING 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.00x.

- ARTSON ENGINEERING '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, ARTSON ENGINEERING 's p/e ratio peaked in Mar2023 at 0x.

- ARTSON ENGINEERING 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does ARTSON ENGINEERING 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ARTSON ENGINEERING 6.05113.70688.0
BHARAT ELECTRONICS LTD3,523.8348.06169,368.0
BHARAT HEAVY ELECTRICALS LTD-183.06-544.5899,691.5
THERMAX LTD612.4791.2955,913.5
TRIVENI TURBINE LTD249.2673.9118,422.6
KIRLOSKAR OIL ENGINES LTD370.4140.4814,992.7
ELECON ENGINEERING COMPANY LTD349.1834.2411,955.5
PRAJ INDUSTRIES LTD279.5735.049,796.3
SHRIRAM PISTONS & RINGS LTD413.6021.168,749.8
KIRLOSKAR BROTHERS LTD287.6038.1810,981.1
TEGA INDUSTRIES LTD177.4558.5410,388.5

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs ARTSON ENGINEERING 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -544.58x
Max industry PE 113.70x
Median industry PE 40.48x
Average industry PE 0.91x



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