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GUJARAT GAS
PE (Price/Earnings) Ratio

The Current P/E Ratio of GUJARAT GAS is 34.55.

Share Price ₹552.5Apr 18,2024
Market Cap ₹38,034.1 Cr
Earnings-TTM₹1,100.8 CrTTM-Consolidated Results
Price/Earnings34.55xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GUJARAT GAS

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 GUJARAT GAS is calculated as :

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 ]

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

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 latest p/e ratio is 34.55x.

- 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 RatioMarket Cap
GUJARAT GAS 1,100.8034.5538,034.1
ADANI TOTAL GAS LTD589.74171.56101,177.0
INDRAPRASTHA GAS LTD1,620.3618.8930,607.5
GUJARAT STATE PETRONET LTD2,068.1510.4921,705.2
MAHANAGAR GAS LTD1,292.8910.7013,834.3
CONFIDENCE FUTURISTIC ENERGETECH LTD7.8834.96275.5

Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs GUJARAT GAS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 10.49x
Max industry PE 171.56x
Median industry PE 34.55x
Average industry PE 46.86x



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