ASIAN PAINTS
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The Current P/E Ratio of ASIAN PAINTS is 50.19.
| Share Price | ₹2,830.6 | Apr 16,2024 |
| Market Cap | ₹271,506.4 Cr | |
| Earnings-TTM | ₹5,409.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 50.19x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of ASIAN PAINTS
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)
Current Market Cap [ ₹271,506.4 Cr] as on Apr 16,2024
(/) Earnings [ ₹5,409.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 50.19x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for ASIAN PAINTS , the investors are currently willing to pay 50.19 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 PAINTS !
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 PAINTS over the last five years.
Thus, for ASIAN PAINTS , the investors are currently willing to pay 50.19 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 PAINTS !
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 PAINTS over the last five years.
Historical PE (Price/Earnings) ratio chart of ASIAN PAINTS
PE Ratio Performance Analysis for ASIAN PAINTS
- ASIAN PAINTS 's latest p/e ratio is 50.19x.
- ASIAN PAINTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 73.01x.
- ASIAN PAINTS 's operated at median p/e ratio of 66.38x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ASIAN PAINTS 's p/e ratio peaked in Mar2022 at 97.54x.
- ASIAN PAINTS 's p/e ratio hit its five-year low in Mar2020 of 59.1x.
- ASIAN PAINTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 73.01x.
- ASIAN PAINTS 's operated at median p/e ratio of 66.38x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ASIAN PAINTS 's p/e ratio peaked in Mar2022 at 97.54x.
- ASIAN PAINTS 's p/e ratio hit its five-year low in Mar2020 of 59.1x.
How does ASIAN PAINTS 's P/E Ratio benchmark against top 10 peers in Paints Industry?
| Peer Comparison (Paints Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| ASIAN PAINTS | 5,409.77 | 50.19 | 271,506.4 |
| BERGER PAINTS INDIA LTD | 1,146.40 | 54.09 | 62,008.7 |
| KANSAI NEROLAC PAINTS LTD | 1,157.81 | 19.02 | 22,024.3 |
| AKZO NOBEL INDIA LTD | 413.30 | 27.22 | 11,251.7 |
| INDIGO PAINTS LTD | 143.81 | 43.71 | 6,286.5 |
| SHALIMAR PAINTS LTD | -57.05 | -24.14 | 1,377.5 |
Paints Industry Benchmark (Top 10) PE Analysis vs ASIAN PAINTS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -24.14x |
| Max industry PE | 54.09x |
| Median industry PE | 43.71x |
| Average industry PE | 28.35x |
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