L&T FINANCE HOLDINGS
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The Current P/E Ratio of L&T FINANCE HOLDINGS is 17.38.
Share Price | ₹161.7 | May 08,2024 |
Market Cap | ₹40,260.1 Cr | |
Earnings-TTM | ₹2,317.1 Cr | TTM-Consolidated Results |
Price/Earnings | 17.38x | Calculated as Market Cap/Earnings |
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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 [ ₹40,260.1 Cr] as on May 08,2024
(/) Earnings [ ₹2,317.1 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 17.38x ]
Thus, for L&T FINANCE HOLDINGS , the investors are currently willing to pay 17.38 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 | 2,317.13 | 17.38 | 40,260.1 |
BAJAJ FINANCE LTD | 14,443.50 | 29.19 | 421,592.0 |
BAJAJ HOLDINGS & INVESTMENT LTD | 1,409.61 | 66.04 | 93,090.3 |
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD | 3,410.74 | 31.15 | 106,232.0 |
SHRIRAM FINANCE LTD | 7,391.11 | 12.46 | 92,074.9 |
SBI CARDS AND PAYMENT SERVICES LTD | 2,407.74 | 28.10 | 67,652.1 |
MUTHOOT FINANCE LTD | 4,294.58 | 15.49 | 66,524.2 |
ADITYA BIRLA CAPITAL LTD | 2,561.57 | 22.13 | 56,682.8 |
SUNDARAM FINANCE LTD | 1,444.98 | 34.68 | 50,106.2 |
POONAWALLA FINCORP LTD | 1,651.51 | 21.97 | 36,277.6 |
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD | 1,886.94 | 16.70 | 31,518.4 |
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 | 12.46x |
Max industry PE | 66.04x |
Median industry PE | 22.13x |
Average industry PE | 26.84x |
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