EICHER MOTORS
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The Current P/E Ratio of EICHER MOTORS is 35.51.
| Share Price | ₹4,340.8 | Apr 19,2024 |
| Market Cap | ₹118,851.1 Cr | |
| Earnings-TTM | ₹3,346.9 Cr | TTM-Consolidated Results |
| Price/Earnings | 35.51x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of EICHER MOTORS
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)
Current Market Cap [ ₹118,851.1 Cr] as on Apr 19,2024
(/) Earnings [ ₹3,346.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 35.51x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for EICHER MOTORS , the investors are currently willing to pay 35.51 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 EICHER MOTORS !
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 EICHER MOTORS over the last five years.
Thus, for EICHER MOTORS , the investors are currently willing to pay 35.51 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 EICHER MOTORS !
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 EICHER MOTORS over the last five years.
Historical PE (Price/Earnings) ratio chart of EICHER MOTORS
PE Ratio Performance Analysis for EICHER MOTORS
- EICHER MOTORS 's latest p/e ratio is 35.51x.
- EICHER MOTORS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 25.03x.
- EICHER MOTORS 's operated at median p/e ratio of 27.69x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, EICHER MOTORS 's p/e ratio peaked in Mar2021 at 52.83x.
- EICHER MOTORS 's p/e ratio hit its five-year low in Mar2020 of 1.96x.
- EICHER MOTORS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 25.03x.
- EICHER MOTORS 's operated at median p/e ratio of 27.69x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, EICHER MOTORS 's p/e ratio peaked in Mar2021 at 52.83x.
- EICHER MOTORS 's p/e ratio hit its five-year low in Mar2020 of 1.96x.
How does EICHER MOTORS '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 Ratio | Market Cap |
|---|---|---|---|
| EICHER MOTORS | 3,346.85 | 35.51 | 118,851.1 |
| BAJAJ AUTO LTD | 7,435.15 | 33.03 | 245,551.0 |
| TVS MOTOR COMPANY LTD | 1,741.26 | 51.81 | 90,214.3 |
| HERO MOTOCORP LTD | 3,689.89 | 22.84 | 84,270.0 |
| WARDWIZARD INNOVATIONS & MOBILITY LTD | 10.40 | 150.83 | 1,568.1 |
| ATUL AUTO LTD | 5.53 | 244.92 | 1,354.4 |
Automobile Two & Three Wheelers Industry Benchmark (Top 10) PE Analysis vs EICHER MOTORS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 22.84x |
| Max industry PE | 244.92x |
| Median industry PE | 51.81x |
| Average industry PE | 89.82x |
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