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GOODYEAR INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of GOODYEAR INDIA is 19.19.

Share Price ₹1,102.1Mar 28,2024
Market Cap ₹2,545.9 Cr
Earnings-TTM₹132.7 CrTTM-Standalone Results
Price/Earnings19.19xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GOODYEAR 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 GOODYEAR INDIA is calculated as :

Current Market Cap [ ₹2,545.9 Cr] as on Mar 28,2024

(/) Earnings [ ₹132.7 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 19.19x ]

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

Thus, for GOODYEAR INDIA , the investors are currently willing to pay 19.19 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 GOODYEAR 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 GOODYEAR INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of GOODYEAR INDIA


PE Ratio Performance Analysis for GOODYEAR INDIA

- GOODYEAR INDIA 's latest p/e ratio is 19.19x.

- GOODYEAR INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 18.42x.

- GOODYEAR INDIA 's operated at median p/e ratio of 19.9x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GOODYEAR INDIA 's p/e ratio peaked in Mar2019 at 21.35x.

- GOODYEAR INDIA 's p/e ratio hit its five-year low in Mar2021 of 15.09x.


How does GOODYEAR INDIA 's P/E Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GOODYEAR INDIA 132.6719.192,545.9
MRF LTD2,025.7927.9156,531.9
BALKRISHNA INDUSTRIES LTD1,244.5436.0144,810.9
APOLLO TYRES LTD1,794.8516.5029,608.4
JK TYRE & INDUSTRIES LTD749.1015.0311,255.4
CEAT LTD646.3416.7610,831.5
TVS SRICHAKRA LTD106.3628.122,990.4

Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs GOODYEAR INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 15.03x
Max industry PE 36.01x
Median industry PE 19.19x
Average industry PE 22.79x



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