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KENNAMETAL INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of KENNAMETAL INDIA is 71.64.

Share Price ₹2,484.6Apr 23,2024
Market Cap ₹5,466.1 Cr
Earnings-TTM₹76.3 CrTTM-Standalone Results
Price/Earnings71.64xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of KENNAMETAL 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 KENNAMETAL INDIA is calculated as :

Current Market Cap [ ₹5,466.1 Cr] as on Apr 23,2024

(/) Earnings [ ₹76.3 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 71.64x ]

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

Thus, for KENNAMETAL INDIA , the investors are currently willing to pay 71.64 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 KENNAMETAL 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 KENNAMETAL INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of KENNAMETAL INDIA


PE Ratio Performance Analysis for KENNAMETAL INDIA

- KENNAMETAL INDIA 's latest p/e ratio is 71.64x.

- KENNAMETAL INDIA 's p/e ratio for fiscal years ending Jun2023 to Jun2019 averaged 44.40x.

- KENNAMETAL INDIA 's operated at median p/e ratio of 40.17x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, KENNAMETAL INDIA 's p/e ratio peaked in Jun2023 at 66.4x.

- KENNAMETAL INDIA 's p/e ratio hit its five-year low in Jun2019 of 28.61x.


How does KENNAMETAL INDIA 's P/E Ratio benchmark against top 10 peers in Engineering Industry?

Peer Comparison (Engineering Industry)Earnings-TTM (Cr)PE RatioMarket Cap
KENNAMETAL INDIA 76.3071.645,466.1
RITES LTD494.6132.5716,108.6
ENGINEERS INDIA LTD427.4427.3311,682.0
MTAR TECHNOLOGIES LTD82.3169.755,741.4
INOX GREEN ENERGY SERVICES LTD5.48788.134,318.9
THEJO ENGINEERING LTD55.1558.783,241.7
DIVGI TORQTRANSFER SYSTEMS LTD43.9857.592,532.9
PITTI ENGINEERING LTD74.6735.132,623.0
DEEP INDUSTRIES LTD160.7411.741,886.7
LOKESH MACHINES LTD12.1266.37804.2
PRITIKA AUTO INDUSTRIES LTD16.7227.36457.3

Engineering Industry Benchmark (Top 10) PE Analysis vs KENNAMETAL INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 11.74x
Max industry PE 788.13x
Median industry PE 57.59x
Average industry PE 113.31x



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