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MAHANAGAR GAS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MAHANAGAR GAS is 12.86.

Share Price ₹1,276.5Nov 03,2025
Market Cap ₹12,611.8 Cr
Earnings-TTM₹980.7 CrTTM-Consolidated Results
Price/Earnings12.86xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MAHANAGAR GAS

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 MAHANAGAR GAS is calculated as :

Current Market Cap [ ₹12,611.8 Cr] as on Nov 03,2025

(/) Earnings [ ₹980.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 12.86x ]

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

Thus, for MAHANAGAR GAS , the investors are currently willing to pay 12.86 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 MAHANAGAR GAS !

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 MAHANAGAR GAS over the last five years.

Historical PE (Price/Earnings) ratio chart of MAHANAGAR GAS


PE Ratio Performance Analysis for MAHANAGAR GAS

- MAHANAGAR GAS 's latest p/e ratio is 12.86x.

- MAHANAGAR GAS 's p/e ratio for fiscal years ending Mar2025 to Mar2023 averaged 11.98x.

- MAHANAGAR GAS 's operated at median p/e ratio of 12.31x from fiscal years ending March 2018 to 2022.

- Looking back at the last 3 fiscal years, MAHANAGAR GAS 's p/e ratio peaked in Mar2025 at 13.16x.

- MAHANAGAR GAS 's p/e ratio hit its five-year low in Mar2024 of 10.48x.


How does MAHANAGAR GAS 's P/E Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?

Peer Comparison (Gas Transmission/Marketing Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MAHANAGAR GAS 980.7312.8612,611.8
ADANI TOTAL GAS LTD611.37112.7168,908.6
GUJARAT GAS LTD1,140.8224.7828,268.7
INDRAPRASTHA GAS LTD1,305.3123.0830,121.0
GUJARAT STATE PETRONET LTD1,625.7310.7617,493.4
CONFIDENCE FUTURISTIC ENERGETECH LTD7.5915.83120.1

Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs MAHANAGAR GAS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 10.76x
Max industry PE 112.71x
Median industry PE 23.08x
Average industry PE 33.34x



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