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ASIAN PAINTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of ASIAN PAINTS is 54.22.

Share Price ₹2,843.5Nov 07,2024
Market Cap ₹272,743.7 Cr
Earnings-TTM₹5,030.6 CrTTM-Consolidated Results
Price/Earnings54.22xCalculated as Market Cap/Earnings
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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)

Applying the above formula, P/E ratio of ASIAN PAINTS is calculated as :

Current Market Cap [ ₹272,743.7 Cr] as on Nov 07,2024

(/) Earnings [ ₹5,030.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 54.22x ]

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 54.22 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 54.22x.

- ASIAN PAINTS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 69.73x.

- ASIAN PAINTS 's operated at median p/e ratio of 64.51x 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 Mar2024 of 50x.


How does ASIAN PAINTS 's P/E Ratio benchmark against top 10 peers in Paints Industry?

Peer Comparison (Paints Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ASIAN PAINTS 5,030.5954.22272,743.7
BERGER PAINTS INDIA LTD1,094.8154.9460,149.2
KANSAI NEROLAC PAINTS LTD611.0137.0122,615.2
AKZO NOBEL INDIA LTD435.0043.7719,037.9
INDIGO PAINTS LTD141.8054.707,756.6
SHALIMAR PAINTS LTD-90.62-10.97994.1

Paints Industry Benchmark (Top 10) PE Analysis vs ASIAN PAINTS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -10.97x
Max industry PE 54.94x
Median industry PE 54.22x
Average industry PE 38.94x



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