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L&T TECHNOLOGY SERVICES
PE (Price/Earnings) Ratio

The Current P/E Ratio of L&T TECHNOLOGY SERVICES is 36.45.

Share Price ₹4,500.5May 08,2024
Market Cap ₹47,614.8 Cr
Earnings-TTM₹1,306.2 CrTTM-Consolidated Results
Price/Earnings36.45xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of L&T TECHNOLOGY SERVICES

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 L&T TECHNOLOGY SERVICES is calculated as :

Current Market Cap [ ₹47,614.8 Cr] as on May 08,2024

(/) Earnings [ ₹1,306.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 36.45x ]

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

Thus, for L&T TECHNOLOGY SERVICES , the investors are currently willing to pay 36.45 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 TECHNOLOGY SERVICES !

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 TECHNOLOGY SERVICES over the last five years.

Historical PE (Price/Earnings) ratio chart of L&T TECHNOLOGY SERVICES


PE Ratio Performance Analysis for L&T TECHNOLOGY SERVICES

- L&T TECHNOLOGY SERVICES 's latest p/e ratio is 36.45x.

- L&T TECHNOLOGY SERVICES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 32.98x.

- L&T TECHNOLOGY SERVICES 's operated at median p/e ratio of 30.45x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, L&T TECHNOLOGY SERVICES 's p/e ratio peaked in Mar2022 at 56.25x.

- L&T TECHNOLOGY SERVICES 's p/e ratio hit its five-year low in Mar2020 of 14.84x.


How does L&T TECHNOLOGY SERVICES 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Earnings-TTM (Cr)PE RatioMarket Cap
L&T TECHNOLOGY SERVICES 1,306.2036.4547,614.8
TATA CONSULTANCY SERVICES LTD46,099.0031.181,437,360.0
INFOSYS LTD26,248.0022.58592,568.0
HCL TECHNOLOGIES LTD15,710.0022.69356,453.0
WIPRO LTD11,135.4021.73241,967.0
LTIMINDTREE LTD4,584.6030.45139,585.0
TECH MAHINDRA LTD2,386.3052.67125,675.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,219.3629.8866,310.1
PERSISTENT SYSTEMS LTD1,093.4947.5752,020.4
TATA ELXSI LTD792.2455.9144,297.2
MPHASIS LTD1,554.8227.7043,070.4

IT - Software Industry Benchmark (Top 10) PE Analysis vs L&T TECHNOLOGY SERVICES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 21.73x
Max industry PE 55.91x
Median industry PE 30.45x
Average industry PE 34.44x



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