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HESTER BIOSCIENCES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HESTER BIOSCIENCES is 73.53.

Share Price ₹1,389.3Mar 28,2024
Market Cap ₹1,180.9 Cr
Earnings-TTM₹16.1 CrTTM-Consolidated Results
Price/Earnings73.53xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HESTER BIOSCIENCES

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 HESTER BIOSCIENCES is calculated as :

Current Market Cap [ ₹1,180.9 Cr] as on Mar 28,2024

(/) Earnings [ ₹16.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 73.53x ]

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

Thus, for HESTER BIOSCIENCES , the investors are currently willing to pay 73.53 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 HESTER BIOSCIENCES !

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 HESTER BIOSCIENCES over the last five years.

Historical PE (Price/Earnings) ratio chart of HESTER BIOSCIENCES


PE Ratio Performance Analysis for HESTER BIOSCIENCES

- HESTER BIOSCIENCES 's latest p/e ratio is 73.53x.

- HESTER BIOSCIENCES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 42.66x.

- HESTER BIOSCIENCES 's operated at median p/e ratio of 47.36x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HESTER BIOSCIENCES 's p/e ratio peaked in Mar2022 at 58.75x.

- HESTER BIOSCIENCES 's p/e ratio hit its five-year low in Mar2020 of 26.98x.


How does HESTER BIOSCIENCES 's P/E Ratio benchmark against top 10 peers in Pharmaceuticals & Drugs Industry?

Peer Comparison (Pharmaceuticals & Drugs Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HESTER BIOSCIENCES 16.0673.531,180.9
SUN PHARMACEUTICAL INDUSTRIES LTD8,998.6343.21388,812.0
CIPLA LTD3,744.0332.23120,673.0
DR REDDYS LABORATORIES LTD5,209.4019.71102,679.0
ZYDUS LIFESCIENCES LTD2,954.2034.24101,152.0
DIVIS LABORATORIES LTD1,382.9765.9791,234.9
MANKIND PHARMA LTD1,743.3052.7992,029.2
TORRENT PHARMACEUTICALS LTD1,494.0058.9388,034.7
LUPIN LTD1,809.7440.7473,722.0
AUROBINDO PHARMA LTD2,777.8922.9863,835.1
ABBOTT INDIA LTD1,145.5849.9857,258.4

Pharmaceuticals & Drugs Industry Benchmark (Top 10) PE Analysis vs HESTER BIOSCIENCES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 19.71x
Max industry PE 73.53x
Median industry PE 43.21x
Average industry PE 44.94x



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