Home > PE Ratio > ITC

ITC
PE (Price/Earnings) Ratio

The Current P/E Ratio of ITC is 25.77.

Share Price ₹428.6Mar 28,2024
Market Cap ₹535,031.8 Cr
Earnings-TTM₹20,761.6 CrTTM-Consolidated Results
Price/Earnings25.77xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for ITC
Please provide your vote to see the results
ITC is part of below Screeners ↓
Top Large Cap Stocks with Best Fundamentals
Best Quarterly Growth Large Cap Stocks

Definition & Calculation of PE (Price/Earnings) ratio of ITC

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 ITC is calculated as :

Current Market Cap [ ₹535,031.8 Cr] as on Mar 28,2024

(/) Earnings [ ₹20,761.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 25.77x ]

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

Thus, for ITC , the investors are currently willing to pay 25.77 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 ITC !

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 ITC over the last five years.

Historical PE (Price/Earnings) ratio chart of ITC


PE Ratio Performance Analysis for ITC

- ITC 's latest p/e ratio is 25.77x.

- ITC 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 21.65x.

- ITC 's operated at median p/e ratio of 20.43x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ITC 's p/e ratio peaked in Mar2019 at 28.88x.

- ITC 's p/e ratio hit its five-year low in Mar2020 of 13.81x.


How does ITC 's P/E Ratio benchmark against top 10 peers in Cigarettes/Tobacco Industry?

Peer Comparison (Cigarettes/Tobacco Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ITC 20,761.6025.77535,031.8
GODFREY PHILLIPS INDIA LTD677.3223.7016,055.2
VST INDUSTRIES LTD282.0719.555,515.1
THE INDIAN WOOD PRODUCTS COMPANY LTD2.0090.13180.1
NTC INDUSTRIES LTD6.5319.72128.8

Cigarettes/Tobacco Industry Benchmark (Top 10) PE Analysis vs ITC 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 19.55x
Max industry PE 90.13x
Median industry PE 23.70x
Average industry PE 35.78x



You may also like the below Video Courses