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MASTEK
PE (Price/Earnings) Ratio

The Current P/E Ratio of MASTEK is 27.01.

Share Price ₹2,535.9Mar 28,2024
Market Cap ₹7,810.4 Cr
Earnings-TTM₹289.2 CrTTM-Consolidated Results
Price/Earnings27.01xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MASTEK

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 MASTEK is calculated as :

Current Market Cap [ ₹7,810.4 Cr] as on Mar 28,2024

(/) Earnings [ ₹289.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 27.01x ]

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

Thus, for MASTEK , the investors are currently willing to pay 27.01 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 MASTEK !

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 MASTEK over the last five years.

Historical PE (Price/Earnings) ratio chart of MASTEK


PE Ratio Performance Analysis for MASTEK

- MASTEK 's latest p/e ratio is 27.01x.

- MASTEK 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 15.84x.

- MASTEK 's operated at median p/e ratio of 14.71x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MASTEK 's p/e ratio peaked in Mar2022 at 33.76x.

- MASTEK 's p/e ratio hit its five-year low in Mar2020 of 4.22x.


How does MASTEK 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MASTEK 289.1527.017,810.4
TATA CONSULTANCY SERVICES LTD45,033.0031.201,405,100.0
INFOSYS LTD24,407.0025.49622,132.0
HCL TECHNOLOGIES LTD15,696.0026.68418,800.0
WIPRO LTD11,350.1022.10250,833.0
LTIMINDTREE LTD4,598.0031.79146,191.0
TECH MAHINDRA LTD2,858.5042.73122,134.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,138.5435.5375,976.8
PERSISTENT SYSTEMS LTD1,029.6859.6861,454.4
L&T TECHNOLOGY SERVICES LTD1,275.7045.4357,955.8
TATA ELXSI LTD796.8260.8048,448.6

IT - Software Industry Benchmark (Top 10) PE Analysis vs MASTEK 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 22.10x
Max industry PE 60.80x
Median industry PE 31.79x
Average industry PE 37.13x



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