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DHANLAXMI BANK
PE (Price/Earnings) Ratio

The Current P/E Ratio of DHANLAXMI BANK is 12.22.

Share Price ₹44.8Apr 29,2024
Market Cap ₹1,132.9 Cr
Earnings-TTM₹92.7 CrTTM-Standalone Results
Price/Earnings12.22xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of DHANLAXMI 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 DHANLAXMI BANK is calculated as :

Current Market Cap [ ₹1,132.9 Cr] as on Apr 29,2024

(/) Earnings [ ₹92.7 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 12.22x ]

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

Thus, for DHANLAXMI BANK , the investors are currently willing to pay 12.22 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 DHANLAXMI 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 DHANLAXMI BANK over the last five years.

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


PE Ratio Performance Analysis for DHANLAXMI BANK

- DHANLAXMI BANK 's latest p/e ratio is 12.22x.

- DHANLAXMI BANK 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 13.39x.

- DHANLAXMI BANK 's operated at median p/e ratio of 8.73x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DHANLAXMI BANK 's p/e ratio peaked in Mar2019 at 37.62x.

- DHANLAXMI BANK 's p/e ratio hit its five-year low in Mar2020 of 3.1x.


How does DHANLAXMI 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
DHANLAXMI BANK 92.6812.221,132.9
HDFC BANK LTD65,446.5017.751,161,420.0
ICICI BANK LTD45,006.7018.09814,105.0
KOTAK MAHINDRA BANK LTD17,264.1018.89326,069.0
AXIS BANK LTD26,423.5013.55357,952.0
INDUSIND BANK LTD8,976.9912.90115,795.0
IDBI BANK LTD5,315.1518.5698,664.0
YES BANK LTD1,285.2063.3981,464.9
IDFC FIRST BANK LTD2,942.3519.6357,751.0
AU SMALL FINANCE BANK LTD1,534.7230.9247,453.2
THE FEDERAL BANK LTD3,894.7110.0439,099.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 10.04x
Max industry PE 63.39x
Median industry PE 18.09x
Average industry PE 21.45x



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