JK CEMENT
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The Current P/E Ratio of JK CEMENT is 45.83.
| Share Price | ₹4,063.8 | Apr 26,2024 |
| Market Cap | ₹31,413.2 Cr | |
| Earnings-TTM | ₹685.5 Cr | TTM-Consolidated Results |
| Price/Earnings | 45.83x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of JK CEMENT
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)
Current Market Cap [ ₹31,413.2 Cr] as on Apr 26,2024
(/) Earnings [ ₹685.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 45.83x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for JK CEMENT , the investors are currently willing to pay 45.83 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 JK CEMENT !
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 JK CEMENT over the last five years.
Thus, for JK CEMENT , the investors are currently willing to pay 45.83 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 JK CEMENT !
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 JK CEMENT over the last five years.
Historical PE (Price/Earnings) ratio chart of JK CEMENT
PE Ratio Performance Analysis for JK CEMENT
- JK CEMENT 's latest p/e ratio is 45.83x.
- JK CEMENT 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 30.21x.
- JK CEMENT 's operated at median p/e ratio of 27.34x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, JK CEMENT 's p/e ratio peaked in Mar2023 at 52.98x.
- JK CEMENT 's p/e ratio hit its five-year low in Mar2020 of 14.62x.
- JK CEMENT 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 30.21x.
- JK CEMENT 's operated at median p/e ratio of 27.34x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, JK CEMENT 's p/e ratio peaked in Mar2023 at 52.98x.
- JK CEMENT 's p/e ratio hit its five-year low in Mar2020 of 14.62x.
How does JK CEMENT 's P/E Ratio benchmark against top 10 peers in Cement & Construction Materials Industry?
| Peer Comparison (Cement & Construction Materials Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| JK CEMENT | 685.50 | 45.83 | 31,413.2 |
| ULTRATECH CEMENT LTD | 6,401.07 | 43.75 | 280,042.0 |
| AMBUJA CEMENTS LTD | 3,951.80 | 42.79 | 169,083.0 |
| SHREE CEMENT LTD | 2,245.62 | 38.79 | 87,104.0 |
| ACC LTD | 2,323.60 | 20.40 | 47,405.0 |
| DALMIA BHARAT LTD | 854.00 | 39.51 | 33,744.5 |
| THE RAMCO CEMENTS LTD | 414.38 | 45.47 | 18,840.8 |
| NUVOCO VISTAS CORPORATION LTD | 248.08 | 49.22 | 12,209.4 |
| JK LAKSHMI CEMENT LTD | 440.59 | 21.21 | 9,343.0 |
| STAR CEMENT LTD | 303.56 | 30.28 | 9,191.1 |
| PRISM JOHNSON LTD | 182.79 | 45.75 | 8,363.3 |
Cement & Construction Materials Industry Benchmark (Top 10) PE Analysis vs JK CEMENT 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 20.40x |
| Max industry PE | 49.22x |
| Median industry PE | 42.79x |
| Average industry PE | 38.45x |
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