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GARWARE TECHNICAL FIBRES
PE (Price/Earnings) Ratio

The Current P/E Ratio of GARWARE TECHNICAL FIBRES is 32.68.

Share Price ₹3,258.0Apr 26,2024
Market Cap ₹6,483.4 Cr
Earnings-TTM₹198.4 CrTTM-Consolidated Results
Price/Earnings32.68xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GARWARE TECHNICAL FIBRES

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 GARWARE TECHNICAL FIBRES is calculated as :

Current Market Cap [ ₹6,483.4 Cr] as on Apr 26,2024

(/) Earnings [ ₹198.4 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 32.68x ]

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

Thus, for GARWARE TECHNICAL FIBRES , the investors are currently willing to pay 32.68 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 GARWARE TECHNICAL FIBRES !

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 GARWARE TECHNICAL FIBRES over the last five years.

Historical PE (Price/Earnings) ratio chart of GARWARE TECHNICAL FIBRES


PE Ratio Performance Analysis for GARWARE TECHNICAL FIBRES

- GARWARE TECHNICAL FIBRES 's latest p/e ratio is 32.68x.

- GARWARE TECHNICAL FIBRES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 27.92x.

- GARWARE TECHNICAL FIBRES 's operated at median p/e ratio of 33.44x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GARWARE TECHNICAL FIBRES 's p/e ratio peaked in Mar2022 at 35.43x.

- GARWARE TECHNICAL FIBRES 's p/e ratio hit its five-year low in Mar2020 of 16.61x.


How does GARWARE TECHNICAL FIBRES 's P/E Ratio benchmark against top 10 peers in Textile Industry?

Peer Comparison (Textile Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GARWARE TECHNICAL FIBRES 198.3732.686,483.4
PAGE INDUSTRIES LTD539.3472.8539,290.4
KPR MILL LTD801.2936.8829,551.5
VEDANT FASHIONS LTD407.2555.8222,732.6
SWAN ENERGY LTD646.4629.7519,232.2
WELSPUN LIVING LTD672.6322.1114,873.5
ALOK INDUSTRIES LTD-845.86-16.1713,674.3
VARDHMAN TEXTILES LTD557.5923.4113,050.5
ARVIND LTD340.7424.128,219.1
JINDAL WORLDWIDE LTD74.0191.166,746.5
INDO COUNT INDUSTRIES LTD340.7023.087,862.8

Textile Industry Benchmark (Top 10) PE Analysis vs GARWARE TECHNICAL FIBRES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -16.17x
Max industry PE 91.16x
Median industry PE 29.75x
Average industry PE 35.97x



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