ION EXCHANGE (INDIA)
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The Current P/E Ratio of ION EXCHANGE (INDIA) is 36.95.
Share Price | ₹509.4 | May 13,2024 |
Market Cap | ₹7,472.9 Cr | |
Earnings-TTM | ₹202.2 Cr | TTM-Consolidated Results |
Price/Earnings | 36.95x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of ION EXCHANGE (INDIA)
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹7,472.9 Cr] as on May 13,2024
(/) Earnings [ ₹202.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 36.95x ]
Thus, for ION EXCHANGE (INDIA) , the investors are currently willing to pay 36.95 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 ION EXCHANGE (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 ION EXCHANGE (INDIA) over the last five years.
Historical PE (Price/Earnings) ratio chart of ION EXCHANGE (INDIA)
PE Ratio Performance Analysis for ION EXCHANGE (INDIA)
- ION EXCHANGE (INDIA) 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.93x.
- ION EXCHANGE (INDIA) 's operated at median p/e ratio of 8.68x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ION EXCHANGE (INDIA) 's p/e ratio peaked in Mar2021 at 12.92x.
- ION EXCHANGE (INDIA) 's p/e ratio hit its five-year low in Mar2022 of 1.44x.
How does ION EXCHANGE (INDIA) 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
Peer Comparison (Engineering - Industrial Equipments Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
ION EXCHANGE (INDIA) | 202.23 | 36.95 | 7,472.9 |
BHARAT ELECTRONICS LTD | 3,523.83 | 46.62 | 164,287.0 |
BHARAT HEAVY ELECTRICALS LTD | -183.06 | -538.97 | 98,664.3 |
THERMAX LTD | 644.01 | 85.26 | 54,907.8 |
TRIVENI TURBINE LTD | 249.26 | 70.80 | 17,648.5 |
KIRLOSKAR OIL ENGINES LTD | 438.37 | 36.47 | 15,988.9 |
ELECON ENGINEERING COMPANY LTD | 349.18 | 32.37 | 11,304.2 |
PRAJ INDUSTRIES LTD | 279.57 | 32.93 | 9,206.3 |
SHRIRAM PISTONS & RINGS LTD | 413.60 | 20.55 | 8,500.1 |
KIRLOSKAR BROTHERS LTD | 287.60 | 39.35 | 11,315.8 |
TEGA INDUSTRIES LTD | 177.45 | 56.94 | 10,104.4 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs ION EXCHANGE (INDIA) 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -538.97x |
Max industry PE | 85.26x |
Median industry PE | 36.95x |
Average industry PE | -7.34x |
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