INNOVANA THINKLABS
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The Current P/E Ratio of INNOVANA THINKLABS is 24.56.
Share Price | ₹520.9 | Apr 29,2024 |
Market Cap | ₹1,067.8 Cr | |
Earnings-TTM | ₹43.5 Cr | TTM-Consolidated Results |
Price/Earnings | 24.56x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of INNOVANA THINKLABS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,067.8 Cr] as on Apr 29,2024
(/) Earnings [ ₹43.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 24.56x ]
Thus, for INNOVANA THINKLABS , the investors are currently willing to pay 24.56 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 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 Ratio | Market Cap |
---|---|---|---|
INNOVANA THINKLABS | 43.47 | 24.56 | 1,067.8 |
TATA CONSULTANCY SERVICES LTD | 46,099.00 | 30.38 | 1,400,420.0 |
INFOSYS LTD | 26,248.00 | 22.69 | 595,650.0 |
HCL TECHNOLOGIES LTD | 15,710.00 | 23.96 | 376,412.0 |
WIPRO LTD | 11,135.40 | 21.72 | 241,911.0 |
LTIMINDTREE LTD | 4,584.60 | 30.67 | 140,621.0 |
TECH MAHINDRA LTD | 2,386.30 | 52.76 | 125,890.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,219.36 | 29.11 | 64,600.4 |
PERSISTENT SYSTEMS LTD | 1,093.49 | 47.52 | 51,963.4 |
L&T TECHNOLOGY SERVICES LTD | 1,306.20 | 38.17 | 49,851.4 |
TATA ELXSI LTD | 792.24 | 55.85 | 44,243.1 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs INNOVANA THINKLABS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 21.72x |
Max industry PE | 55.85x |
Median industry PE | 30.38x |
Average industry PE | 34.31x |
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