GOODYEAR INDIA
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The Current P/E Ratio of GOODYEAR INDIA is 20.46.
Share Price | ₹1,175.2 | May 03,2024 |
Market Cap | ₹2,714.7 Cr | |
Earnings-TTM | ₹132.7 Cr | TTM-Standalone Results |
Price/Earnings | 20.46x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of GOODYEAR INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,714.7 Cr] as on May 03,2024
(/) Earnings [ ₹132.7 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 20.46x ]
Thus, for GOODYEAR INDIA , the investors are currently willing to pay 20.46 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 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 Ratio | Market Cap |
---|---|---|---|
GOODYEAR INDIA | 132.67 | 20.46 | 2,714.7 |
MRF LTD | 2,081.23 | 26.18 | 54,496.6 |
BALKRISHNA INDUSTRIES LTD | 1,244.54 | 37.99 | 47,276.7 |
APOLLO TYRES LTD | 1,794.85 | 17.79 | 31,923.3 |
JK TYRE & INDUSTRIES LTD | 749.10 | 14.54 | 10,889.1 |
CEAT LTD | 614.48 | 16.75 | 10,292.9 |
TVS SRICHAKRA LTD | 106.36 | 29.98 | 3,188.2 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs GOODYEAR INDIA 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 14.54x |
Max industry PE | 37.99x |
Median industry PE | 20.46x |
Average industry PE | 23.38x |
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