HERO MOTOCORP
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The Current P/E Ratio of HERO MOTOCORP is 24.33.
| Share Price | ₹4,491.9 | Apr 26,2024 |
| Market Cap | ₹89,792.1 Cr | |
| Earnings-TTM | ₹3,689.9 Cr | TTM-Consolidated Results |
| Price/Earnings | 24.33x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of HERO MOTOCORP
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)
Current Market Cap [ ₹89,792.1 Cr] as on Apr 26,2024
(/) Earnings [ ₹3,689.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 24.33x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for HERO MOTOCORP , the investors are currently willing to pay 24.33 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 HERO MOTOCORP !
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 HERO MOTOCORP over the last five years.
Thus, for HERO MOTOCORP , the investors are currently willing to pay 24.33 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 HERO MOTOCORP !
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 HERO MOTOCORP over the last five years.
Historical PE (Price/Earnings) ratio chart of HERO MOTOCORP
PE Ratio Performance Analysis for HERO MOTOCORP
- HERO MOTOCORP 's latest p/e ratio is 24.33x.
- HERO MOTOCORP 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 16.01x.
- HERO MOTOCORP 's operated at median p/e ratio of 16.69x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HERO MOTOCORP 's p/e ratio peaked in Mar2021 at 19.96x.
- HERO MOTOCORP 's p/e ratio hit its five-year low in Mar2020 of 8.75x.
- HERO MOTOCORP 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 16.01x.
- HERO MOTOCORP 's operated at median p/e ratio of 16.69x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HERO MOTOCORP 's p/e ratio peaked in Mar2021 at 19.96x.
- HERO MOTOCORP 's p/e ratio hit its five-year low in Mar2020 of 8.75x.
How does HERO MOTOCORP 's P/E Ratio benchmark against top 10 peers in Automobile Two & Three Wheelers Industry?
| Peer Comparison (Automobile Two & Three Wheelers Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| HERO MOTOCORP | 3,689.89 | 24.33 | 89,792.1 |
| BAJAJ AUTO LTD | 7,435.15 | 33.66 | 250,299.0 |
| EICHER MOTORS LTD | 3,346.85 | 37.61 | 125,884.0 |
| TVS MOTOR COMPANY LTD | 1,741.26 | 55.03 | 95,825.1 |
| WARDWIZARD INNOVATIONS & MOBILITY LTD | 13.44 | 123.60 | 1,660.9 |
| ATUL AUTO LTD | 5.53 | 264.64 | 1,463.5 |
Automobile Two & Three Wheelers Industry Benchmark (Top 10) PE Analysis vs HERO MOTOCORP 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 24.33x |
| Max industry PE | 264.64x |
| Median industry PE | 55.03x |
| Average industry PE | 89.81x |
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