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ASIAN ENERGY SERVICES
PE (Price/Earnings) Ratio

The Current P/E Ratio of ASIAN ENERGY SERVICES is 285.11.

Share Price ₹277.7Apr 18,2024
Market Cap ₹1,135.6 Cr
Earnings-TTM₹4.0 CrTTM-Consolidated Results
Price/Earnings285.11xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ASIAN ENERGY 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 ASIAN ENERGY SERVICES is calculated as :

Current Market Cap [ ₹1,135.6 Cr] as on Apr 18,2024

(/) Earnings [ ₹4.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 285.11x ]

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

Thus, for ASIAN ENERGY SERVICES , the investors are currently willing to pay 285.11 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 ASIAN ENERGY 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 ASIAN ENERGY SERVICES over the last five years.

Historical PE (Price/Earnings) ratio chart of ASIAN ENERGY SERVICES


PE Ratio Performance Analysis for ASIAN ENERGY SERVICES

- ASIAN ENERGY SERVICES 's latest p/e ratio is 285.11x.

- ASIAN ENERGY SERVICES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 12.46x.

- ASIAN ENERGY SERVICES 's operated at median p/e ratio of 11.09x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASIAN ENERGY SERVICES 's p/e ratio peaked in Mar2019 at 27.09x.

- ASIAN ENERGY SERVICES 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does ASIAN ENERGY SERVICES 's P/E Ratio benchmark against top 10 peers in Oil Exploration Industry?

Peer Comparison (Oil Exploration Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ASIAN ENERGY SERVICES 3.98285.111,135.6
OIL & NATURAL GAS CORPORATION LTD50,690.906.83346,146.0
OIL INDIA LTD6,730.339.6765,096.8
HINDUSTAN OIL EXPLORATION COMPANY LTD263.8210.152,677.9
JINDAL DRILLING & INDUSTRIES LTD100.2022.412,245.3
SELAN EXPLORATION TECHNOLOGY LTD25.8437.73974.9
DEEP ENERGY RESOURCES LTD-0.64-937.32601.8
ABAN OFFSHORE LTD-1,355.95-0.29399.7
GUJARAT NATURAL RESOURCES LTD-2.39-54.71130.8
AAKASH EXPLORATION SERVICES LTD3.7627.77104.3

Oil Exploration Industry Benchmark (Top 10) PE Analysis vs ASIAN ENERGY SERVICES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -937.32x
Max industry PE 285.11x
Median industry PE 10.15x
Average industry PE -59.27x



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