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GALAXY BEARINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of GALAXY BEARINGS is 24.80.

Share Price ₹1,444.3Apr 26,2024
Market Cap ₹462.2 Cr
Earnings-TTM₹18.6 CrTTM-Standalone Results
Price/Earnings24.80xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GALAXY BEARINGS

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 GALAXY BEARINGS is calculated as :

Current Market Cap [ ₹462.2 Cr] as on Apr 26,2024

(/) Earnings [ ₹18.6 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 24.80x ]

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

Thus, for GALAXY BEARINGS , the investors are currently willing to pay 24.80 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 GALAXY BEARINGS !

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 GALAXY BEARINGS over the last five years.

Historical PE (Price/Earnings) ratio chart of GALAXY BEARINGS


PE Ratio Performance Analysis for GALAXY BEARINGS

- GALAXY BEARINGS 's latest p/e ratio is 24.80x.

- GALAXY BEARINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.70x.

- GALAXY BEARINGS 's operated at median p/e ratio of 7.97x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GALAXY BEARINGS 's p/e ratio peaked in Mar2023 at 18.05x.

- GALAXY BEARINGS 's p/e ratio hit its five-year low in Mar2019 of 6.21x.


How does GALAXY BEARINGS 's P/E Ratio benchmark against top 10 peers in Bearings Industry?

Peer Comparison (Bearings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GALAXY BEARINGS 18.6324.80462.2
SCHAEFFLER INDIA LTD917.3356.8252,125.7
TIMKEN INDIA LTD355.2367.7124,051.2
SKF INDIA LTD499.7945.5422,761.2
ROLEX RINGS LTD178.8228.495,094.0
NRB BEARINGS LTD243.4812.503,044.3
BIMETAL BEARINGS LTD8.7827.83244.3
VISHAL BEARINGS LTD3.1653.30168.2
SNL BEARINGS LTD7.2819.58142.5

Bearings Industry Benchmark (Top 10) PE Analysis vs GALAXY BEARINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 12.50x
Max industry PE 67.71x
Median industry PE 28.49x
Average industry PE 37.40x



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