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MIC ELECTRONICS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MIC ELECTRONICS is 78.15.

Share Price ₹40.8Apr 19,2024
Market Cap ₹902.6 Cr
Earnings-TTM₹11.6 CrTTM-Consolidated Results
Price/Earnings78.15xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MIC ELECTRONICS

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 MIC ELECTRONICS is calculated as :

Current Market Cap [ ₹902.6 Cr] as on Apr 19,2024

(/) Earnings [ ₹11.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 78.15x ]

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

Thus, for MIC ELECTRONICS , the investors are currently willing to pay 78.15 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 MIC ELECTRONICS !

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 MIC ELECTRONICS over the last five years.

Historical PE (Price/Earnings) ratio chart of MIC ELECTRONICS


PE Ratio Performance Analysis for MIC ELECTRONICS

- MIC ELECTRONICS 's latest p/e ratio is 78.15x.

- MIC ELECTRONICS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 236.29x.

- MIC ELECTRONICS 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MIC ELECTRONICS 's p/e ratio peaked in Mar2023 at 1056.25x.

- MIC ELECTRONICS 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does MIC ELECTRONICS 's P/E Ratio benchmark against top 10 peers in Electric Equipment Industry?

Peer Comparison (Electric Equipment Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MIC ELECTRONICS 11.5578.15902.6
SIEMENS LTD2,005.0099.26199,009.0
ABB INDIA LTD1,248.18106.81133,316.0
HAVELLS INDIA LTD1,182.1079.5994,087.1
CG POWER AND INDUSTRIAL SOLUTIONS LTD897.3390.5981,292.3
SUZLON ENERGY LTD726.2273.8753,647.6
HITACHI ENERGY INDIA LTD100.93346.1234,933.9
APAR INDUSTRIES LTD832.2534.1728,441.6
GE T&D INDIA LTD99.41247.7324,626.6
INOX WIND LTD-209.45-88.6318,562.8
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD213.5980.4417,180.8

Electric Equipment Industry Benchmark (Top 10) PE Analysis vs MIC ELECTRONICS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -88.63x
Max industry PE 346.12x
Median industry PE 80.44x
Average industry PE 104.37x



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