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BLUE DART EXPRESS
PE (Price/Earnings) Ratio

The Current P/E Ratio of BLUE DART EXPRESS is 51.13.

Share Price ₹6,314.2Apr 26,2024
Market Cap ₹14,964.7 Cr
Earnings-TTM₹292.7 CrTTM-Consolidated Results
Price/Earnings51.13xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BLUE DART EXPRESS

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 BLUE DART EXPRESS is calculated as :

Current Market Cap [ ₹14,964.7 Cr] as on Apr 26,2024

(/) Earnings [ ₹292.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 51.13x ]

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

Thus, for BLUE DART EXPRESS , the investors are currently willing to pay 51.13 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 BLUE DART EXPRESS !

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 BLUE DART EXPRESS over the last five years.

Historical PE (Price/Earnings) ratio chart of BLUE DART EXPRESS


PE Ratio Performance Analysis for BLUE DART EXPRESS

- BLUE DART EXPRESS 's latest p/e ratio is 51.13x.

- BLUE DART EXPRESS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 61.38x.

- BLUE DART EXPRESS 's operated at median p/e ratio of 42.49x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BLUE DART EXPRESS 's p/e ratio peaked in Mar2021 at 129.95x.

- BLUE DART EXPRESS 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does BLUE DART EXPRESS 's P/E Ratio benchmark against top 10 peers in Courier Services Industry?

Peer Comparison (Courier Services Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BLUE DART EXPRESS 292.6751.1314,964.7
DELHIVERY LTD-342.58-98.3933,706.3
VL EGOVERNANCE & IT SOLUTIONS LTD-169.93-4.18709.6

Courier Services Industry Benchmark (Top 10) PE Analysis vs BLUE DART EXPRESS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -98.39x
Max industry PE 51.13x
Median industry PE -4.18x
Average industry PE -17.15x



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