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AXIS BANK
PE (Price/Earnings) Ratio

The Current P/E Ratio of AXIS BANK is 24.27.

Share Price ₹1,056.5Apr 23,2024
Market Cap ₹326,126.1 Cr
Earnings-TTM₹13,438.8 CrTTM-Consolidated Results
Price/Earnings24.27xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of AXIS BANK

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 AXIS BANK is calculated as :

Current Market Cap [ ₹326,126.1 Cr] as on Apr 23,2024

(/) Earnings [ ₹13,438.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 24.27x ]

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

Thus, for AXIS BANK , the investors are currently willing to pay 24.27 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 AXIS BANK !

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 AXIS BANK over the last five years.

Historical PE (Price/Earnings) ratio chart of AXIS BANK


PE Ratio Performance Analysis for AXIS BANK

- AXIS BANK 's latest p/e ratio is 24.27x.

- AXIS BANK 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 33.60x.

- AXIS BANK 's operated at median p/e ratio of 29.7x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, AXIS BANK 's p/e ratio peaked in Mar2020 at 57.75x.

- AXIS BANK 's p/e ratio hit its five-year low in Mar2022 of 16.54x.


How does AXIS BANK 's P/E Ratio benchmark against top 10 peers in Bank - Private Industry?

Peer Comparison (Bank - Private Industry)Earnings-TTM (Cr)PE RatioMarket Cap
AXIS BANK 13,438.8024.27326,126.1
HDFC BANK LTD65,446.5017.501,145,010.0
ICICI BANK LTD43,019.2017.80765,880.0
KOTAK MAHINDRA BANK LTD17,264.1020.88360,460.0
INDUSIND BANK LTD8,671.2713.23114,701.0
IDBI BANK LTD5,315.1517.7194,115.8
YES BANK LTD1,024.1272.0873,818.4
IDFC FIRST BANK LTD3,026.5719.5159,062.1
AU SMALL FINANCE BANK LTD1,588.6128.4845,248.2
THE FEDERAL BANK LTD3,894.719.6137,442.6
BANDHAN BANK LTD2,983.239.8729,456.6

Bank - Private Industry Benchmark (Top 10) PE Analysis vs AXIS BANK 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.61x
Max industry PE 72.08x
Median industry PE 17.80x
Average industry PE 22.81x



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