ESSAR SHIPPING
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The Current P/E Ratio of ESSAR SHIPPING is 1.92.
Share Price | ₹30.3 | Apr 26,2024 |
Market Cap | ₹626.8 Cr | |
Earnings-TTM | ₹327.3 Cr | TTM-Consolidated Results |
Price/Earnings | 1.92x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of ESSAR SHIPPING
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹626.8 Cr] as on Apr 26,2024
(/) Earnings [ ₹327.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 1.92x ]
Thus, for ESSAR SHIPPING , the investors are currently willing to pay 1.92 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 ESSAR SHIPPING !
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 ESSAR SHIPPING over the last five years.
Historical PE (Price/Earnings) ratio chart of ESSAR SHIPPING
PE Ratio Performance Analysis for ESSAR SHIPPING
- ESSAR SHIPPING 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.02x.
- ESSAR SHIPPING 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ESSAR SHIPPING 's p/e ratio peaked in Mar2023 at 0.1x.
- ESSAR SHIPPING 's p/e ratio hit its five-year low in Mar2022 of 0x.
How does ESSAR SHIPPING 's P/E Ratio benchmark against top 10 peers in Shipping Industry?
Peer Comparison (Shipping Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
ESSAR SHIPPING | 327.27 | 1.92 | 626.8 |
THE GREAT EASTERN SHIPPING COMPANY LTD | 2,431.04 | 6.41 | 15,592.3 |
SHIPPING CORPORATION OF INDIA LTD | 679.08 | 15.94 | 10,825.2 |
SEAMEC LTD | 63.21 | 44.40 | 2,806.8 |
DREDGING CORPORATION OF INDIA LTD | 44.97 | 51.37 | 2,310.0 |
SHREYAS SHIPPING & LOGISTICS LTD | -35.35 | -18.78 | 664.0 |
GLOBAL OFFSHORE SERVICES LTD | 599.94 | 0.19 | 117.0 |
Shipping Industry Benchmark (Top 10) PE Analysis vs ESSAR SHIPPING 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -18.78x |
Max industry PE | 51.37x |
Median industry PE | 6.41x |
Average industry PE | 14.49x |
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