GUJARAT GAS
|
The Current P/E Ratio of GUJARAT GAS is 34.55.
Share Price | ₹552.5 | Apr 18,2024 |
Market Cap | ₹38,034.1 Cr | |
Earnings-TTM | ₹1,100.8 Cr | TTM-Consolidated Results |
Price/Earnings | 34.55x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of GUJARAT GAS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹38,034.1 Cr] as on Apr 18,2024
(/) Earnings [ ₹1,100.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 34.55x ]
Thus, for GUJARAT GAS , the investors are currently willing to pay 34.55 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 GUJARAT GAS !
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 GUJARAT GAS over the last five years.
Historical PE (Price/Earnings) ratio chart of GUJARAT GAS
PE Ratio Performance Analysis for GUJARAT GAS
- GUJARAT GAS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 23.03x.
- GUJARAT GAS 's operated at median p/e ratio of 24.39x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, GUJARAT GAS 's p/e ratio peaked in Mar2021 at 29.79x.
- GUJARAT GAS 's p/e ratio hit its five-year low in Mar2020 of 13.36x.
How does GUJARAT GAS 's P/E Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?
Peer Comparison (Gas Transmission/Marketing Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
GUJARAT GAS | 1,100.80 | 34.55 | 38,034.1 |
ADANI TOTAL GAS LTD | 589.74 | 171.56 | 101,177.0 |
INDRAPRASTHA GAS LTD | 1,620.36 | 18.89 | 30,607.5 |
GUJARAT STATE PETRONET LTD | 2,068.15 | 10.49 | 21,705.2 |
MAHANAGAR GAS LTD | 1,292.89 | 10.70 | 13,834.3 |
CONFIDENCE FUTURISTIC ENERGETECH LTD | 7.88 | 34.96 | 275.5 |
Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs GUJARAT GAS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 10.49x |
Max industry PE | 171.56x |
Median industry PE | 34.55x |
Average industry PE | 46.86x |
You may also like the below Video Courses