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LARSEN & TOUBRO
PE (Price/Earnings) Ratio

The Current P/E Ratio of LARSEN & TOUBRO is 27.18.

Share Price ₹3,272.2Apr 25,2025
Market Cap ₹449,986.1 Cr
Earnings-TTM₹16,557.5 CrTTM-Consolidated Results
Price/Earnings27.18xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of LARSEN & TOUBRO

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 LARSEN & TOUBRO is calculated as :

Current Market Cap [ ₹449,986.1 Cr] as on Apr 25,2025

(/) Earnings [ ₹16,557.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 27.18x ]

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

Thus, for LARSEN & TOUBRO , the investors are currently willing to pay 27.18 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 LARSEN & TOUBRO !

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 LARSEN & TOUBRO over the last five years.

Historical PE (Price/Earnings) ratio chart of LARSEN & TOUBRO


PE Ratio Performance Analysis for LARSEN & TOUBRO

- LARSEN & TOUBRO 's latest p/e ratio is 27.18x.

- LARSEN & TOUBRO 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 25.30x.

- LARSEN & TOUBRO 's operated at median p/e ratio of 28.65x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, LARSEN & TOUBRO 's p/e ratio peaked in Mar2024 at 39.73x.

- LARSEN & TOUBRO 's p/e ratio hit its five-year low in Mar2020 of 11.86x.


How does LARSEN & TOUBRO 's P/E Ratio benchmark against top 10 peers in Engineering - Construction Industry?

Peer Comparison (Engineering - Construction Industry)Earnings-TTM (Cr)PE RatioMarket Cap
LARSEN & TOUBRO 16,557.5027.18449,986.1
RAIL VIKAS NIGAM LTD1,214.6962.0175,321.4
IRB INFRASTRUCTURE DEVELOPERS LTD6,727.274.2028,286.7
KEC INTERNATIONAL LTD454.3042.3819,254.2
AFCONS INFRASTRUCTURE LTD498.1731.2215,551.8
KALPATARU PROJECTS INTERNATIONAL LTD518.1531.0516,087.6
IRCON INTERNATIONAL LTD709.4220.7114,695.6
NCC LTD830.7216.0113,297.8
TECHNO ELECTRIC & ENGINEERING COMPANY LTD321.0140.0112,844.1
GR INFRAPROJECTS LTD1,013.2810.1510,288.8
ITD CEMENTATION INDIA LTD348.3325.558,899.5

Engineering - Construction Industry Benchmark (Top 10) PE Analysis vs LARSEN & TOUBRO 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 4.20x
Max industry PE 62.01x
Median industry PE 27.18x
Average industry PE 28.23x



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