MAHANAGAR GAS
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The Current P/E Ratio of MAHANAGAR GAS is 11.37.
| Share Price | ₹1,128.4 | Jan 01,2026 |
| Market Cap | ₹11,148.6 Cr | |
| Earnings-TTM | ₹980.7 Cr | TTM-Consolidated Results |
| Price/Earnings | 11.37x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of MAHANAGAR GAS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹11,148.6 Cr] as on Jan 01,2026
(/) Earnings [ ₹980.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 11.37x ]
Thus, for MAHANAGAR GAS , the investors are currently willing to pay 11.37 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 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 Ratio | Market Cap |
|---|---|---|---|
| MAHANAGAR GAS | 980.73 | 11.37 | 11,148.6 |
| ADANI TOTAL GAS LTD | 611.37 | 106.91 | 65,361.7 |
| GUJARAT GAS LTD | 1,113.06 | 26.00 | 28,943.4 |
| INDRAPRASTHA GAS LTD | 1,243.96 | 21.60 | 26,873.0 |
| GUJARAT STATE PETRONET LTD | 1,585.09 | 11.10 | 17,589.3 |
| CONFIDENCE FUTURISTIC ENERGETECH LTD | 7.62 | 12.58 | 95.8 |
Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs MAHANAGAR GAS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 11.10x |
| Max industry PE | 106.91x |
| Median industry PE | 21.60x |
| Average industry PE | 31.59x |
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