L&T FINANCE HOLDINGS
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The Current P/E Ratio of L&T FINANCE HOLDINGS is 18.69.
Share Price | ₹163.8 | Apr 22,2024 |
Market Cap | ₹40,768.2 Cr | |
Earnings-TTM | ₹2,181.0 Cr | TTM-Consolidated Results |
Price/Earnings | 18.69x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of L&T FINANCE HOLDINGS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹40,768.2 Cr] as on Apr 22,2024
(/) Earnings [ ₹2,181.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 18.69x ]
Thus, for L&T FINANCE HOLDINGS , the investors are currently willing to pay 18.69 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 L&T FINANCE HOLDINGS !
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 L&T FINANCE HOLDINGS over the last five years.
Historical PE (Price/Earnings) ratio chart of L&T FINANCE HOLDINGS
PE Ratio Performance Analysis for L&T FINANCE HOLDINGS
- L&T FINANCE HOLDINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 14.77x.
- L&T FINANCE HOLDINGS 's operated at median p/e ratio of 12.73x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, L&T FINANCE HOLDINGS 's p/e ratio peaked in Mar2021 at 24.35x.
- L&T FINANCE HOLDINGS 's p/e ratio hit its five-year low in Mar2020 of 5.64x.
How does L&T FINANCE HOLDINGS 's P/E Ratio benchmark against top 10 peers in Finance - NBFC Industry?
Peer Comparison (Finance - NBFC Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
L&T FINANCE HOLDINGS | 2,181.04 | 18.69 | 40,768.2 |
BAJAJ FINANCE LTD | 13,778.20 | 32.81 | 452,001.0 |
BAJAJ HOLDINGS & INVESTMENT LTD | 293.37 | 301.85 | 88,552.4 |
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD | 3,216.91 | 29.80 | 95,851.7 |
SHRIRAM FINANCE LTD | 6,657.82 | 13.70 | 91,204.9 |
SBI CARDS AND PAYMENT SERVICES LTD | 2,341.84 | 30.05 | 70,362.2 |
MUTHOOT FINANCE LTD | 4,294.58 | 15.33 | 65,823.7 |
ADITYA BIRLA CAPITAL LTD | 2,561.57 | 20.57 | 52,686.9 |
SUNDARAM FINANCE LTD | 1,444.98 | 34.72 | 50,174.5 |
POONAWALLA FINCORP LTD | 1,500.18 | 25.49 | 38,235.7 |
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD | 1,894.24 | 18.19 | 34,452.8 |
Finance - NBFC Industry Benchmark (Top 10) PE Analysis vs L&T FINANCE HOLDINGS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 13.70x |
Max industry PE | 301.85x |
Median industry PE | 25.49x |
Average industry PE | 49.20x |
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