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FORBES & COMPANY
PE (Price/Earnings) Ratio

The Current P/E Ratio of FORBES & COMPANY is 14.12.

Share Price ₹487.3Apr 22,2024
Market Cap ₹628.6 Cr
Earnings-TTM₹44.5 CrTTM-Consolidated Results
Price/Earnings14.12xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of FORBES & COMPANY

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 FORBES & COMPANY is calculated as :

Current Market Cap [ ₹628.6 Cr] as on Apr 22,2024

(/) Earnings [ ₹44.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 14.12x ]

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

Thus, for FORBES & COMPANY , the investors are currently willing to pay 14.12 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 FORBES & COMPANY !

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 FORBES & COMPANY over the last five years.

Historical PE (Price/Earnings) ratio chart of FORBES & COMPANY


PE Ratio Performance Analysis for FORBES & COMPANY

- FORBES & COMPANY 's latest p/e ratio is 14.12x.

- FORBES & COMPANY 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 82.20x.

- FORBES & COMPANY 's operated at median p/e ratio of 0.13x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, FORBES & COMPANY 's p/e ratio peaked in Mar2019 at 406.95x.

- FORBES & COMPANY 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does FORBES & COMPANY 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
FORBES & COMPANY 44.5214.12628.6
BHARAT ELECTRONICS LTD3,523.8348.51170,939.0
BHARAT HEAVY ELECTRICALS LTD-183.06-493.1390,272.5
THERMAX LTD612.4789.4254,765.4
TRIVENI TURBINE LTD249.2667.6016,849.1
KIRLOSKAR OIL ENGINES LTD370.4136.7213,602.9
ELECON ENGINEERING COMPANY LTD349.1837.1112,958.5
PRAJ INDUSTRIES LTD279.5733.869,466.4
SHRIRAM PISTONS & RINGS LTD413.6021.779,002.2
KIRLOSKAR BROTHERS LTD287.6034.599,947.2
TEGA INDUSTRIES LTD177.4554.339,640.0

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs FORBES & COMPANY 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -493.13x
Max industry PE 89.42x
Median industry PE 36.72x
Average industry PE -5.01x



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