ASIT C MEHTA FINANCIAL SERVICES
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The Current P/E Ratio of ASIT C MEHTA FINANCIAL SERVICES is -12.14.
Share Price | ₹164.5 | May 28,2024 |
Market Cap | ₹134.9 Cr | |
Earnings-TTM | ₹-11.1 Cr | TTM-Consolidated Results |
Price/Earnings | -12.14x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of ASIT C MEHTA FINANCIAL SERVICES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹134.9 Cr] as on May 28,2024
(/) Earnings [ ₹-11.1 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ -12.14x ]
Thus, for ASIT C MEHTA FINANCIAL SERVICES , the investors are currently willing to pay -12.14 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 ASIT C MEHTA FINANCIAL 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 ASIT C MEHTA FINANCIAL SERVICES over the last five years.
Historical PE (Price/Earnings) ratio chart of ASIT C MEHTA FINANCIAL SERVICES
PE Ratio Performance Analysis for ASIT C MEHTA FINANCIAL SERVICES
- ASIT C MEHTA FINANCIAL SERVICES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.78x.
- ASIT C MEHTA FINANCIAL SERVICES '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, ASIT C MEHTA FINANCIAL SERVICES 's p/e ratio peaked in Mar2022 at 23x.
- ASIT C MEHTA FINANCIAL SERVICES 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does ASIT C MEHTA FINANCIAL SERVICES 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
ASIT C MEHTA FINANCIAL SERVICES | -11.11 | -12.14 | 134.9 |
TATA CONSULTANCY SERVICES LTD | 46,099.00 | 30.14 | 1,389,350.0 |
INFOSYS LTD | 26,248.00 | 23.19 | 608,751.0 |
HCL TECHNOLOGIES LTD | 15,710.00 | 23.46 | 368,584.0 |
WIPRO LTD | 11,135.40 | 21.41 | 238,422.0 |
LTIMINDTREE LTD | 4,584.60 | 31.55 | 144,658.0 |
TECH MAHINDRA LTD | 2,386.30 | 53.93 | 128,689.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,219.36 | 29.52 | 65,511.1 |
PERSISTENT SYSTEMS LTD | 1,093.49 | 51.97 | 56,823.6 |
L&T TECHNOLOGY SERVICES LTD | 1,306.20 | 37.59 | 49,094.7 |
TATA ELXSI LTD | 792.24 | 57.52 | 45,568.0 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs ASIT C MEHTA FINANCIAL SERVICES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -12.14x |
Max industry PE | 57.52x |
Median industry PE | 30.14x |
Average industry PE | 31.65x |
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