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EMPIRE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of EMPIRE INDUSTRIES is 16.87.

Share Price ₹1,067.5Apr 19,2024
Market Cap ₹640.5 Cr
Earnings-TTM₹38.0 CrTTM-Standalone Results
Price/Earnings16.87xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of EMPIRE INDUSTRIES

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 EMPIRE INDUSTRIES is calculated as :

Current Market Cap [ ₹640.5 Cr] as on Apr 19,2024

(/) Earnings [ ₹38.0 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 16.87x ]

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

Thus, for EMPIRE INDUSTRIES , the investors are currently willing to pay 16.87 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 EMPIRE INDUSTRIES !

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 EMPIRE INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of EMPIRE INDUSTRIES


PE Ratio Performance Analysis for EMPIRE INDUSTRIES

- EMPIRE INDUSTRIES 's latest p/e ratio is 16.87x.

- EMPIRE INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 15.10x.

- EMPIRE INDUSTRIES 's operated at median p/e ratio of 12.46x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, EMPIRE INDUSTRIES 's p/e ratio peaked in Mar2021 at 28.65x.

- EMPIRE INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 8.9x.


How does EMPIRE INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Glass Industry?

Peer Comparison (Glass Industry)Earnings-TTM (Cr)PE RatioMarket Cap
EMPIRE INDUSTRIES 37.9616.87640.5
ASAHI INDIA GLASS LTD306.0645.7313,997.1
BOROSIL RENEWABLES LTD12.98517.906,723.4
LA OPALA RG LTD133.2626.823,573.7
HALDYN GLASS LTD17.7549.44877.8
SEJAL GLASS LTD11.6333.20386.1
HINDUSTHAN NATIONAL GLASS & INDUSTRIES LTD215.320.92197.3

Glass Industry Benchmark (Top 10) PE Analysis vs EMPIRE INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 0.92x
Max industry PE 517.90x
Median industry PE 33.20x
Average industry PE 98.70x



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