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HINDUSTAN OIL EXPLORATION COMPANY
PE (Price/Earnings) Ratio

The Current P/E Ratio of HINDUSTAN OIL EXPLORATION COMPANY is 9.94.

Share Price ₹198.4Apr 16,2024
Market Cap ₹2,622.8 Cr
Earnings-TTM₹263.8 CrTTM-Consolidated Results
Price/Earnings9.94xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HINDUSTAN OIL EXPLORATION COMPANY

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 HINDUSTAN OIL EXPLORATION COMPANY is calculated as :

Current Market Cap [ ₹2,622.8 Cr] as on Apr 16,2024

(/) Earnings [ ₹263.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 9.94x ]

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

Thus, for HINDUSTAN OIL EXPLORATION COMPANY , the investors are currently willing to pay 9.94 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 HINDUSTAN OIL EXPLORATION COMPANY !

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 HINDUSTAN OIL EXPLORATION COMPANY over the last five years.

Historical PE (Price/Earnings) ratio chart of HINDUSTAN OIL EXPLORATION COMPANY


PE Ratio Performance Analysis for HINDUSTAN OIL EXPLORATION COMPANY

- HINDUSTAN OIL EXPLORATION COMPANY 's latest p/e ratio is 9.94x.

- HINDUSTAN OIL EXPLORATION COMPANY 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 38.33x.

- HINDUSTAN OIL EXPLORATION COMPANY 's operated at median p/e ratio of 10.79x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HINDUSTAN OIL EXPLORATION COMPANY 's p/e ratio peaked in Mar2022 at 145.41x.

- HINDUSTAN OIL EXPLORATION COMPANY 's p/e ratio hit its five-year low in Mar2020 of 3.29x.


How does HINDUSTAN OIL EXPLORATION COMPANY 's P/E Ratio benchmark against top 10 peers in Oil Exploration Industry?

Peer Comparison (Oil Exploration Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HINDUSTAN OIL EXPLORATION COMPANY 263.829.942,622.8
OIL & NATURAL GAS CORPORATION LTD50,690.907.02356,085.0
OIL INDIA LTD6,730.3310.0367,520.5
JINDAL DRILLING & INDUSTRIES LTD100.2022.012,205.2
ASIAN ENERGY SERVICES LTD3.98292.681,165.7
SELAN EXPLORATION TECHNOLOGY LTD25.8437.58971.1
DEEP ENERGY RESOURCES LTD-0.64-933.33599.2
ABAN OFFSHORE LTD-1,355.95-0.28375.4
GUJARAT NATURAL RESOURCES LTD-2.39-56.93136.1
AAKASH EXPLORATION SERVICES LTD3.7627.64103.8

Oil Exploration Industry Benchmark (Top 10) PE Analysis vs HINDUSTAN OIL EXPLORATION COMPANY 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -933.33x
Max industry PE 292.68x
Median industry PE 10.03x
Average industry PE -58.36x



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