CARE RATINGS
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The Current P/E Ratio of CARE RATINGS is 36.78.
Share Price | ₹1,207.6 | May 03,2024 |
Market Cap | ₹3,610.6 Cr | |
Earnings-TTM | ₹98.2 Cr | TTM-Consolidated Results |
Price/Earnings | 36.78x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of CARE RATINGS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹3,610.6 Cr] as on May 03,2024
(/) Earnings [ ₹98.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 36.78x ]
Thus, for CARE RATINGS , the investors are currently willing to pay 36.78 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 CARE RATINGS !
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 CARE RATINGS over the last five years.
Historical PE (Price/Earnings) ratio chart of CARE RATINGS
PE Ratio Performance Analysis for CARE RATINGS
- CARE RATINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 17.91x.
- CARE RATINGS 's operated at median p/e ratio of 20.21x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CARE RATINGS 's p/e ratio peaked in Mar2023 at 22.86x.
- CARE RATINGS 's p/e ratio hit its five-year low in Mar2020 of 11.79x.
How does CARE RATINGS 's P/E Ratio benchmark against top 10 peers in Ratings Industry?
Peer Comparison (Ratings Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
CARE RATINGS | 98.17 | 36.78 | 3,610.6 |
CRISIL LTD | 650.41 | 49.11 | 31,938.7 |
ICRA LTD | 143.81 | 34.97 | 5,028.5 |
Ratings Industry Benchmark (Top 10) PE Analysis vs CARE RATINGS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 34.97x |
Max industry PE | 49.11x |
Median industry PE | 36.78x |
Average industry PE | 40.28x |
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