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MM FORGINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MM FORGINGS is 19.88.

Share Price ₹1,055.0Apr 24,2024
Market Cap ₹2,542.6 Cr
Earnings-TTM₹127.9 CrTTM-Consolidated Results
Price/Earnings19.88xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MM FORGINGS

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 MM FORGINGS is calculated as :

Current Market Cap [ ₹2,542.6 Cr] as on Apr 24,2024

(/) Earnings [ ₹127.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 19.88x ]

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

Thus, for MM FORGINGS , the investors are currently willing to pay 19.88 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 MM FORGINGS !

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 MM FORGINGS over the last five years.

Historical PE (Price/Earnings) ratio chart of MM FORGINGS


PE Ratio Performance Analysis for MM FORGINGS

- MM FORGINGS 's latest p/e ratio is 19.88x.

- MM FORGINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 18.07x.

- MM FORGINGS 's operated at median p/e ratio of 16.65x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MM FORGINGS 's p/e ratio peaked in Mar2021 at 25.95x.

- MM FORGINGS 's p/e ratio hit its five-year low in Mar2020 of 9.56x.


How does MM FORGINGS 's P/E Ratio benchmark against top 10 peers in Forgings Industry?

Peer Comparison (Forgings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MM FORGINGS 127.9219.882,542.6
BHARAT FORGE LTD806.5370.5556,904.2
CIE AUTOMOTIVE INDIA LTD562.3432.8618,476.8
RAMKRISHNA FORGINGS LTD316.5443.9213,902.5
LGB FORGE LTD-8.31-30.79255.8
HILTON METAL FORGING LTD8.6328.97249.9
KALYANI FORGE LTD4.6133.75155.5
SAMRAT FORGINGS LTD3.4044.39151.0
TIRUPATI FORGE LTD6.8626.49181.8
GANGA FORGING LTD1.9458.41113.4

Forgings Industry Benchmark (Top 10) PE Analysis vs MM FORGINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -30.79x
Max industry PE 70.55x
Median industry PE 33.75x
Average industry PE 32.84x



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