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BAJAJ AUTO
PE (Price/Earnings) Ratio

The Current P/E Ratio of BAJAJ AUTO is 33.67.

Share Price ₹8,965.5Apr 26,2024
Market Cap ₹250,316.8 Cr
Earnings-TTM₹7,435.2 CrTTM-Consolidated Results
Price/Earnings33.67xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BAJAJ AUTO

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 BAJAJ AUTO is calculated as :

Current Market Cap [ ₹250,316.8 Cr] as on Apr 26,2024

(/) Earnings [ ₹7,435.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 33.67x ]

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

Thus, for BAJAJ AUTO , the investors are currently willing to pay 33.67 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 BAJAJ AUTO !

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 BAJAJ AUTO over the last five years.

Historical PE (Price/Earnings) ratio chart of BAJAJ AUTO


PE Ratio Performance Analysis for BAJAJ AUTO

- BAJAJ AUTO 's latest p/e ratio is 33.67x.

- BAJAJ AUTO 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 17.10x.

- BAJAJ AUTO 's operated at median p/e ratio of 17.14x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BAJAJ AUTO 's p/e ratio peaked in Mar2021 at 21.88x.

- BAJAJ AUTO 's p/e ratio hit its five-year low in Mar2020 of 11.24x.


How does BAJAJ AUTO 's P/E Ratio benchmark against top 10 peers in Automobile Two & Three Wheelers Industry?

Peer Comparison (Automobile Two & Three Wheelers Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BAJAJ AUTO 7,435.1533.67250,316.8
EICHER MOTORS LTD3,346.8537.61125,884.0
TVS MOTOR COMPANY LTD1,741.2655.0395,825.1
HERO MOTOCORP LTD3,689.8924.3489,801.9
WARDWIZARD INNOVATIONS & MOBILITY LTD13.44123.601,660.9
ATUL AUTO LTD5.53264.641,463.5

Automobile Two & Three Wheelers Industry Benchmark (Top 10) PE Analysis vs BAJAJ AUTO 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 24.34x
Max industry PE 264.64x
Median industry PE 55.03x
Average industry PE 89.81x



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