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MAHANAGAR GAS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MAHANAGAR GAS is 11.03.

Share Price ₹1,442.8Apr 30,2024
Market Cap ₹14,254.4 Cr
Earnings-TTM₹1,292.9 CrTTM-Standalone Results
Price/Earnings11.03xCalculated 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 [ ₹14,254.4 Cr] as on Apr 30,2024

(/) Earnings [ ₹1,292.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 11.03x ]

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 11.03 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 11.03x.

- MAHANAGAR GAS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 14.59x.

- MAHANAGAR GAS 's operated at median p/e ratio of 12.9x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MAHANAGAR GAS 's p/e ratio peaked in Mar2019 at 18.93x.

- MAHANAGAR GAS 's p/e ratio hit its five-year low in Mar2020 of 10.18x.


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 1,292.8911.0314,254.4
ADANI TOTAL GAS LTD649.60157.27102,161.0
GUJARAT GAS LTD1,100.8034.1737,610.2
INDRAPRASTHA GAS LTD1,620.3620.2832,858.0
GUJARAT STATE PETRONET LTD2,068.158.0816,700.7
CONFIDENCE FUTURISTIC ENERGETECH LTD7.8833.99267.8

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

Top 10 Industry PeersPE Ratio
Min industry PE 8.08x
Max industry PE 157.27x
Median industry PE 33.99x
Average industry PE 44.13x



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