JK TYRE & INDUSTRIES
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The Current P/E Ratio of JK TYRE & INDUSTRIES is 14.03.
Share Price | ₹403.2 | Apr 19,2024 |
Market Cap | ₹10,510.1 Cr | |
Earnings-TTM | ₹749.1 Cr | TTM-Consolidated Results |
Price/Earnings | 14.03x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of JK TYRE & INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹10,510.1 Cr] as on Apr 19,2024
(/) Earnings [ ₹749.1 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 14.03x ]
Thus, for JK TYRE & INDUSTRIES , the investors are currently willing to pay 14.03 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 TYRE & INDUSTRIES !
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 TYRE & INDUSTRIES over the last five years.
Historical PE (Price/Earnings) ratio chart of JK TYRE & INDUSTRIES
PE Ratio Performance Analysis for JK TYRE & INDUSTRIES
- JK TYRE & INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 11.23x.
- JK TYRE & INDUSTRIES 's operated at median p/e ratio of 12.81x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, JK TYRE & INDUSTRIES 's p/e ratio peaked in Mar2023 at 14.54x.
- JK TYRE & INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 6.66x.
How does JK TYRE & INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Tyres & Allied Industry?
Peer Comparison (Tyres & Allied Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
JK TYRE & INDUSTRIES | 749.10 | 14.03 | 10,510.1 |
MRF LTD | 2,025.79 | 27.06 | 54,814.2 |
BALKRISHNA INDUSTRIES LTD | 1,244.54 | 36.38 | 45,273.9 |
APOLLO TYRES LTD | 1,794.85 | 16.76 | 30,075.2 |
CEAT LTD | 646.34 | 15.48 | 10,004.1 |
TVS SRICHAKRA LTD | 106.36 | 29.97 | 3,187.7 |
GOODYEAR INDIA LTD | 132.67 | 20.22 | 2,683.0 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs JK TYRE & INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 14.03x |
Max industry PE | 36.38x |
Median industry PE | 20.22x |
Average industry PE | 22.84x |
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