INDRAPRASTHA GAS
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The Current P/E Ratio of INDRAPRASTHA GAS is 19.57.
Share Price | ₹453.1 | Apr 25,2024 |
Market Cap | ₹31,713.5 Cr | |
Earnings-TTM | ₹1,620.4 Cr | TTM-Consolidated Results |
Price/Earnings | 19.57x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of INDRAPRASTHA GAS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹31,713.5 Cr] as on Apr 25,2024
(/) Earnings [ ₹1,620.4 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 19.57x ]
Thus, for INDRAPRASTHA GAS , the investors are currently willing to pay 19.57 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 INDRAPRASTHA GAS !
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 INDRAPRASTHA GAS over the last five years.
Historical PE (Price/Earnings) ratio chart of INDRAPRASTHA GAS
PE Ratio Performance Analysis for INDRAPRASTHA GAS
- INDRAPRASTHA GAS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 22.65x.
- INDRAPRASTHA GAS 's operated at median p/e ratio of 21.79x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, INDRAPRASTHA GAS 's p/e ratio peaked in Mar2021 at 30.49x.
- INDRAPRASTHA GAS 's p/e ratio hit its five-year low in Mar2022 of 17.37x.
How does INDRAPRASTHA GAS 's P/E Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?
Peer Comparison (Gas Transmission/Marketing Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
INDRAPRASTHA GAS | 1,620.36 | 19.57 | 31,713.5 |
ADANI TOTAL GAS LTD | 589.74 | 171.19 | 100,957.0 |
GUJARAT GAS LTD | 1,100.80 | 33.98 | 37,407.1 |
GUJARAT STATE PETRONET LTD | 2,068.15 | 8.00 | 16,539.9 |
MAHANAGAR GAS LTD | 1,292.89 | 11.06 | 14,303.5 |
CONFIDENCE FUTURISTIC ENERGETECH LTD | 7.88 | 36.07 | 284.2 |
Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs INDRAPRASTHA GAS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 8.00x |
Max industry PE | 171.19x |
Median industry PE | 33.98x |
Average industry PE | 46.65x |
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