MAHANAGAR GAS
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The Current P/E Ratio of MAHANAGAR GAS is 14.12.
| Share Price | ₹1,207.1 | Jun 19,2026 |
| Market Cap | ₹11,925.7 Cr | |
| Earnings-TTM | ₹844.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 14.12x | 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 [ ₹11,925.7 Cr] as on Jun 19,2026
(/) Earnings [ ₹844.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 14.12x ]
Thus, for MAHANAGAR GAS , the investors are currently willing to pay 14.12 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 | 844.79 | 14.12 | 11,925.7 |
| GAIL (INDIA) LTD | 6,077.33 | 18.81 | 114,308.0 |
| ADANI TOTAL GAS LTD | 633.73 | 126.44 | 80,126.7 |
| GUJARAT ENERGY LTD | 1,001.66 | 50.81 | 50,897.1 |
| INDRAPRASTHA GAS LTD | 1,242.51 | 18.91 | 23,499.0 |
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 | 14.12x |
| Max industry PE | 126.44x |
| Median industry PE | 18.91x |
| Average industry PE | 45.82x |
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