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DEEP ENERGY RESOURCES
PE (Price/Earnings) Ratio

The Current P/E Ratio of DEEP ENERGY RESOURCES is -904.42.

Share Price ₹181.5May 07,2024
Market Cap ₹580.6 Cr
Earnings-TTM₹-0.6 CrTTM-Consolidated Results
Price/Earnings-904.42xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of DEEP ENERGY RESOURCES

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 DEEP ENERGY RESOURCES is calculated as :

Current Market Cap [ ₹580.6 Cr] as on May 07,2024

(/) Earnings [ ₹-0.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -904.42x ]

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

Thus, for DEEP ENERGY RESOURCES , the investors are currently willing to pay -904.42 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 DEEP ENERGY RESOURCES !

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 DEEP ENERGY RESOURCES over the last five years.

Historical PE (Price/Earnings) ratio chart of DEEP ENERGY RESOURCES


PE Ratio Performance Analysis for DEEP ENERGY RESOURCES

- DEEP ENERGY RESOURCES 's latest p/e ratio is -904.42x.

- DEEP ENERGY RESOURCES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 783.16x.

- DEEP ENERGY RESOURCES 's operated at median p/e ratio of 347.08x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DEEP ENERGY RESOURCES 's p/e ratio peaked in Mar2019 at 2642.59x.

- DEEP ENERGY RESOURCES 's p/e ratio hit its five-year low in Mar2023 of 164.52x.


How does DEEP ENERGY RESOURCES 's P/E Ratio benchmark against top 10 peers in Oil Exploration Industry?

Peer Comparison (Oil Exploration Industry)Earnings-TTM (Cr)PE RatioMarket Cap
DEEP ENERGY RESOURCES -0.64-904.42580.6
OIL & NATURAL GAS CORPORATION LTD50,690.906.79344,071.0
OIL INDIA LTD6,730.3310.2669,082.0
HINDUSTAN OIL EXPLORATION COMPANY LTD263.829.892,609.2
JINDAL DRILLING & INDUSTRIES LTD100.2021.972,201.4
ASIAN ENERGY SERVICES LTD25.0150.031,251.1
SELAN EXPLORATION TECHNOLOGY LTD32.7433.051,082.1
ABAN OFFSHORE LTD-1,355.95-0.29396.6
GUJARAT NATURAL RESOURCES LTD-2.39-58.10138.9
AAKASH EXPLORATION SERVICES LTD3.7628.04105.3

Oil Exploration Industry Benchmark (Top 10) PE Analysis vs DEEP ENERGY RESOURCES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -904.42x
Max industry PE 50.03x
Median industry PE 10.26x
Average industry PE -80.28x



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