ELNET TECHNOLOGIES
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The Current P/E Ratio of ELNET TECHNOLOGIES is 8.22.
Share Price | ₹333.7 | Apr 18,2024 |
Market Cap | ₹133.5 Cr | |
Earnings-TTM | ₹16.2 Cr | TTM-Standalone Results |
Price/Earnings | 8.22x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of ELNET TECHNOLOGIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹133.5 Cr] as on Apr 18,2024
(/) Earnings [ ₹16.2 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 8.22x ]
Thus, for ELNET TECHNOLOGIES , the investors are currently willing to pay 8.22 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 ELNET TECHNOLOGIES !
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 ELNET TECHNOLOGIES over the last five years.
Historical PE (Price/Earnings) ratio chart of ELNET TECHNOLOGIES
PE Ratio Performance Analysis for ELNET TECHNOLOGIES
- ELNET TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.32x.
- ELNET TECHNOLOGIES 's operated at median p/e ratio of 4.67x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ELNET TECHNOLOGIES 's p/e ratio peaked in Mar2022 at 5.07x.
- ELNET TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2020 of 2.95x.
How does ELNET TECHNOLOGIES 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
ELNET TECHNOLOGIES | 16.23 | 8.22 | 133.5 |
TATA CONSULTANCY SERVICES LTD | 46,099.00 | 30.32 | 1,397,850.0 |
INFOSYS LTD | 26,248.00 | 22.46 | 589,652.0 |
HCL TECHNOLOGIES LTD | 15,696.00 | 25.37 | 398,271.0 |
WIPRO LTD | 11,350.10 | 20.45 | 232,158.0 |
LTIMINDTREE LTD | 4,598.00 | 30.31 | 139,345.0 |
TECH MAHINDRA LTD | 2,858.50 | 40.32 | 115,243.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,138.54 | 31.29 | 66,911.7 |
PERSISTENT SYSTEMS LTD | 1,029.68 | 57.47 | 59,174.5 |
L&T TECHNOLOGY SERVICES LTD | 1,275.70 | 43.74 | 55,796.3 |
TATA ELXSI LTD | 796.82 | 58.56 | 46,664.7 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs ELNET TECHNOLOGIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 8.22x |
Max industry PE | 58.56x |
Median industry PE | 30.32x |
Average industry PE | 33.50x |
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