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GREENLAM INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of GREENLAM INDUSTRIES is 49.85.

Share Price ₹558.6Apr 18,2024
Market Cap ₹7,127.7 Cr
Earnings-TTM₹143.0 CrTTM-Consolidated Results
Price/Earnings49.85xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GREENLAM INDUSTRIES

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 GREENLAM INDUSTRIES is calculated as :

Current Market Cap [ ₹7,127.7 Cr] as on Apr 18,2024

(/) Earnings [ ₹143.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 49.85x ]

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

Thus, for GREENLAM INDUSTRIES , the investors are currently willing to pay 49.85 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 GREENLAM INDUSTRIES !

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 GREENLAM INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of GREENLAM INDUSTRIES


PE Ratio Performance Analysis for GREENLAM INDUSTRIES

- GREENLAM INDUSTRIES 's latest p/e ratio is 49.85x.

- GREENLAM INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 18.51x.

- GREENLAM INDUSTRIES 's operated at median p/e ratio of 6.11x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GREENLAM INDUSTRIES 's p/e ratio peaked in Mar2022 at 48.26x.

- GREENLAM INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 2.67x.


How does GREENLAM INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Laminates/Decoratives Industry?

Peer Comparison (Laminates/Decoratives Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GREENLAM INDUSTRIES 142.9749.857,127.7
STYLAM INDUSTRIES LTD117.6523.552,770.8
RUSHIL DECOR LTD47.6716.88804.7
AIRO LAM LTD8.6229.33252.8
THE WESTERN INDIAN PLYWOODS LTD4.3132.32139.3

Laminates/Decoratives Industry Benchmark (Top 10) PE Analysis vs GREENLAM INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 16.88x
Max industry PE 49.85x
Median industry PE 29.33x
Average industry PE 30.39x



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