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GUJARAT STATE PETRONET
PE (Price/Earnings) Ratio

The Current P/E Ratio of GUJARAT STATE PETRONET is 8.23.

Share Price ₹301.7Apr 23,2024
Market Cap ₹17,019.1 Cr
Earnings-TTM₹2,068.2 CrTTM-Consolidated Results
Price/Earnings8.23xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GUJARAT STATE PETRONET

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 STATE PETRONET is calculated as :

Current Market Cap [ ₹17,019.1 Cr] as on Apr 23,2024

(/) Earnings [ ₹2,068.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 8.23x ]

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

Thus, for GUJARAT STATE PETRONET , the investors are currently willing to pay 8.23 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 STATE PETRONET !

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 STATE PETRONET over the last five years.

Historical PE (Price/Earnings) ratio chart of GUJARAT STATE PETRONET


PE Ratio Performance Analysis for GUJARAT STATE PETRONET

- GUJARAT STATE PETRONET 's latest p/e ratio is 8.23x.

- GUJARAT STATE PETRONET 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.79x.

- GUJARAT STATE PETRONET 's operated at median p/e ratio of 9.09x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GUJARAT STATE PETRONET 's p/e ratio peaked in Mar2019 at 10.69x.

- GUJARAT STATE PETRONET 's p/e ratio hit its five-year low in Mar2020 of 5.64x.


How does GUJARAT STATE PETRONET '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 STATE PETRONET 2,068.158.2317,019.1
ADANI TOTAL GAS LTD589.74172.09101,490.0
GUJARAT GAS LTD1,100.8033.8637,269.4
INDRAPRASTHA GAS LTD1,620.3619.3531,353.0
MAHANAGAR GAS LTD1,292.8910.7613,905.4
CONFIDENCE FUTURISTIC ENERGETECH LTD7.8836.20285.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 8.23x
Max industry PE 172.09x
Median industry PE 33.86x
Average industry PE 46.75x



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