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AVANCE TECHNOLOGIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of AVANCE TECHNOLOGIES is 208.29.

Share Price ₹1.0May 17,2024
Market Cap ₹196.2 Cr
Earnings-TTM₹0.9 CrTTM-Standalone Results
Price/Earnings208.29xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of AVANCE TECHNOLOGIES

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 AVANCE TECHNOLOGIES is calculated as :

Current Market Cap [ ₹196.2 Cr] as on May 17,2024

(/) Earnings [ ₹0.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 208.29x ]

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

Thus, for AVANCE TECHNOLOGIES , the investors are currently willing to pay 208.29 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 AVANCE TECHNOLOGIES !

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 AVANCE TECHNOLOGIES over the last five years.

Historical PE (Price/Earnings) ratio chart of AVANCE TECHNOLOGIES


PE Ratio Performance Analysis for AVANCE TECHNOLOGIES

- AVANCE TECHNOLOGIES 's latest p/e ratio is 208.29x.

- AVANCE TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.01x.

- AVANCE TECHNOLOGIES '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, AVANCE TECHNOLOGIES 's p/e ratio peaked in Mar2023 at 6.67x.

- AVANCE TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does AVANCE TECHNOLOGIES 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Earnings-TTM (Cr)PE RatioMarket Cap
AVANCE TECHNOLOGIES 0.94208.29196.2
TATA CONSULTANCY SERVICES LTD46,099.0030.091,387,160.0
INFOSYS LTD26,248.0022.84599,501.0
HCL TECHNOLOGIES LTD15,710.0023.02361,718.0
WIPRO LTD11,135.4021.65241,040.0
LTIMINDTREE LTD4,584.6030.79141,137.0
TECH MAHINDRA LTD2,386.3053.42127,469.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,219.3630.4067,474.2
PERSISTENT SYSTEMS LTD1,093.4949.8454,501.4
L&T TECHNOLOGY SERVICES LTD1,306.2036.0847,123.4
TATA ELXSI LTD792.2457.8545,831.4

IT - Software Industry Benchmark (Top 10) PE Analysis vs AVANCE TECHNOLOGIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 21.65x
Max industry PE 208.29x
Median industry PE 30.79x
Average industry PE 51.30x



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