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HIGH ENERGY BATTERIES (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of HIGH ENERGY BATTERIES (INDIA) is 35.26.

Share Price ₹761.2Apr 16,2024
Market Cap ₹685.0 Cr
Earnings-TTM₹19.4 CrTTM-Standalone Results
Price/Earnings35.26xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HIGH ENERGY BATTERIES (INDIA)

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 HIGH ENERGY BATTERIES (INDIA) is calculated as :

Current Market Cap [ ₹685.0 Cr] as on Apr 16,2024

(/) Earnings [ ₹19.4 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 35.26x ]

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

Thus, for HIGH ENERGY BATTERIES (INDIA) , the investors are currently willing to pay 35.26 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 HIGH ENERGY BATTERIES (INDIA) !

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 HIGH ENERGY BATTERIES (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of HIGH ENERGY BATTERIES (INDIA)


PE Ratio Performance Analysis for HIGH ENERGY BATTERIES (INDIA)

- HIGH ENERGY BATTERIES (INDIA) 's latest p/e ratio is 35.26x.

- HIGH ENERGY BATTERIES (INDIA) 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.84x.

- HIGH ENERGY BATTERIES (INDIA) 's operated at median p/e ratio of 3.03x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HIGH ENERGY BATTERIES (INDIA) 's p/e ratio peaked in Mar2019 at 19.19x.

- HIGH ENERGY BATTERIES (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 1.32x.


How does HIGH ENERGY BATTERIES (INDIA) 's P/E Ratio benchmark against top 10 peers in Batteries Industry?

Peer Comparison (Batteries Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HIGH ENERGY BATTERIES (INDIA) 19.4335.26685.0
EXIDE INDUSTRIES LTD877.4644.5039,049.0
AMARA RAJA ENERGY & MOBILITY LTD812.6321.8117,726.0
HBL POWER SYSTEMS LTD232.0654.7912,713.5
EVEREADY INDUSTRIES INDIA LTD44.3257.532,549.5
INDONATIONAL LTD3.93118.20464.4
PANASONIC ENERGY INDIA COMPANY LTD4.7392.80439.1

Batteries Industry Benchmark (Top 10) PE Analysis vs HIGH ENERGY BATTERIES (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 21.81x
Max industry PE 118.20x
Median industry PE 54.79x
Average industry PE 60.70x



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