ITC
|
The Current P/E Ratio of ITC is 25.77.
Share Price | ₹428.6 | Mar 28,2024 |
Market Cap | ₹535,031.8 Cr | |
Earnings-TTM | ₹20,761.6 Cr | TTM-Consolidated Results |
Price/Earnings | 25.77x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of ITC
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
ITC | 20,761.60 | 25.77 | 535,031.8 |
GODFREY PHILLIPS INDIA LTD | 677.32 | 23.70 | 16,055.2 |
VST INDUSTRIES LTD | 282.07 | 19.55 | 5,515.1 |
THE INDIAN WOOD PRODUCTS COMPANY LTD | 2.00 | 90.13 | 180.1 |
NTC INDUSTRIES LTD | 6.53 | 19.72 | 128.8 |
Cigarettes/Tobacco Industry Benchmark (Top 10) PE Analysis vs ITC 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 19.55x |
Max industry PE | 90.13x |
Median industry PE | 23.70x |
Average industry PE | 35.78x |
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