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JET AIRWAYS (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of JET AIRWAYS (INDIA) is -0.84.

Share Price ₹49.0Apr 26,2024
Market Cap ₹556.6 Cr
Earnings-TTM₹-662.6 CrTTM-Standalone Results
Price/Earnings-0.84xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JET AIRWAYS (INDIA)

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 JET AIRWAYS (INDIA) is calculated as :

Current Market Cap [ ₹556.6 Cr] as on Apr 26,2024

(/) Earnings [ ₹-662.6 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ -0.84x ]

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

Thus, for JET AIRWAYS (INDIA) , the investors are currently willing to pay -0.84 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 JET AIRWAYS (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 JET AIRWAYS (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of JET AIRWAYS (INDIA)


PE Ratio Performance Analysis for JET AIRWAYS (INDIA)

- JET AIRWAYS (INDIA) 's latest p/e ratio is -0.84x.

- JET AIRWAYS (INDIA) 's p/e ratio for fiscal years ending Mar2020 to Mar2016 averaged 1.86x.

- JET AIRWAYS (INDIA) 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JET AIRWAYS (INDIA) 's p/e ratio peaked in Mar2016 at 5.29x.

- JET AIRWAYS (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does JET AIRWAYS (INDIA) 's P/E Ratio benchmark against top 10 peers in Airlines Industry?

Peer Comparison (Airlines Industry)Earnings-TTM (Cr)PE RatioMarket Cap
JET AIRWAYS (INDIA) -662.61-0.84556.6
INTERGLOBE AVIATION LTD7,196.8521.11151,921.0
SPICEJET LTD-147.91-32.824,854.0
TANEJA AEROSPACE & AVIATION LTD11.49106.481,223.8
TAAL ENTERPRISES LTD33.9226.13886.3
GLOBAL VECTRA HELICORP LTD5.1362.68321.3

Airlines Industry Benchmark (Top 10) PE Analysis vs JET AIRWAYS (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -32.82x
Max industry PE 106.48x
Median industry PE 26.13x
Average industry PE 30.46x



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