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INNOVANA THINKLABS
PE (Price/Earnings) Ratio

The Current P/E Ratio of INNOVANA THINKLABS is 31.46.

Share Price ₹667.2May 03,2024
Market Cap ₹1,367.8 Cr
Earnings-TTM₹43.5 CrTTM-Consolidated Results
Price/Earnings31.46xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of INNOVANA THINKLABS

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 INNOVANA THINKLABS is calculated as :

Current Market Cap [ ₹1,367.8 Cr] as on May 03,2024

(/) Earnings [ ₹43.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 31.46x ]

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

Thus, for INNOVANA THINKLABS , the investors are currently willing to pay 31.46 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 INNOVANA THINKLABS !

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 INNOVANA THINKLABS over the last five years.

Historical PE (Price/Earnings) ratio chart of INNOVANA THINKLABS


PE Ratio Performance Analysis for INNOVANA THINKLABS

- INNOVANA THINKLABS 's latest p/e ratio is 31.46x.

- INNOVANA THINKLABS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.57x.

- INNOVANA THINKLABS 's operated at median p/e ratio of 3.19x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INNOVANA THINKLABS 's p/e ratio peaked in Mar2023 at 23.7x.

- INNOVANA THINKLABS 's p/e ratio hit its five-year low in Mar2020 of 1.78x.


How does INNOVANA THINKLABS 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Earnings-TTM (Cr)PE RatioMarket Cap
INNOVANA THINKLABS 43.4731.461,367.8
TATA CONSULTANCY SERVICES LTD46,099.0030.131,389,110.0
INFOSYS LTD26,248.0022.40587,950.0
HCL TECHNOLOGIES LTD15,710.0023.28365,748.0
WIPRO LTD11,135.4021.45238,804.0
LTIMINDTREE LTD4,584.6030.07137,848.0
TECH MAHINDRA LTD2,386.3051.15122,066.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,219.3630.4067,468.1
PERSISTENT SYSTEMS LTD1,093.4947.4351,864.8
L&T TECHNOLOGY SERVICES LTD1,306.2037.0248,353.9
TATA ELXSI LTD792.2455.8944,276.1

IT - Software Industry Benchmark (Top 10) PE Analysis vs INNOVANA THINKLABS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 21.45x
Max industry PE 55.89x
Median industry PE 30.40x
Average industry PE 34.61x



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