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EVEREADY INDUSTRIES INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of EVEREADY INDUSTRIES INDIA is 57.69.

Share Price ₹351.7Apr 22,2024
Market Cap ₹2,556.9 Cr
Earnings-TTM₹44.3 CrTTM-Consolidated Results
Price/Earnings57.69xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of EVEREADY INDUSTRIES INDIA

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 EVEREADY INDUSTRIES INDIA is calculated as :

Current Market Cap [ ₹2,556.9 Cr] as on Apr 22,2024

(/) Earnings [ ₹44.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 57.69x ]

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

Thus, for EVEREADY INDUSTRIES INDIA , the investors are currently willing to pay 57.69 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 EVEREADY INDUSTRIES INDIA !

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 EVEREADY INDUSTRIES INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of EVEREADY INDUSTRIES INDIA


PE Ratio Performance Analysis for EVEREADY INDUSTRIES INDIA

- EVEREADY INDUSTRIES INDIA 's latest p/e ratio is 57.69x.

- EVEREADY INDUSTRIES INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 31.94x.

- EVEREADY INDUSTRIES INDIA 's operated at median p/e ratio of 29.28x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, EVEREADY INDUSTRIES INDIA 's p/e ratio peaked in Mar2023 at 76.02x.

- EVEREADY INDUSTRIES INDIA 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does EVEREADY INDUSTRIES INDIA 's P/E Ratio benchmark against top 10 peers in Batteries Industry?

Peer Comparison (Batteries Industry)Earnings-TTM (Cr)PE RatioMarket Cap
EVEREADY INDUSTRIES INDIA 44.3257.692,556.9
EXIDE INDUSTRIES LTD877.4645.1439,605.8
AMARA RAJA ENERGY & MOBILITY LTD812.6323.4619,065.8
HBL POWER SYSTEMS LTD232.0654.4912,644.2
HIGH ENERGY BATTERIES (INDIA) LTD19.4346.11895.9
INDONATIONAL LTD3.93129.72509.7
PANASONIC ENERGY INDIA COMPANY LTD4.7389.25422.3

Batteries Industry Benchmark (Top 10) PE Analysis vs EVEREADY INDUSTRIES INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 23.46x
Max industry PE 129.72x
Median industry PE 54.49x
Average industry PE 63.69x



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