MUSIC BROADCAST
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The Current P/E Ratio of MUSIC BROADCAST is 189.43.
Share Price | ₹17.0 | May 07,2024 |
Market Cap | ₹588.4 Cr | |
Earnings-TTM | ₹3.1 Cr | TTM-Standalone Results |
Price/Earnings | 189.43x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of MUSIC BROADCAST
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹588.4 Cr] as on May 07,2024
(/) Earnings [ ₹3.1 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 189.43x ]
Thus, for MUSIC BROADCAST , the investors are currently willing to pay 189.43 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 MUSIC BROADCAST !
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 MUSIC BROADCAST over the last five years.
Historical PE (Price/Earnings) ratio chart of MUSIC BROADCAST
PE Ratio Performance Analysis for MUSIC BROADCAST
- MUSIC BROADCAST 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 29.60x.
- MUSIC BROADCAST 's operated at median p/e ratio of 17.95x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MUSIC BROADCAST 's p/e ratio peaked in Mar2023 at 108.94x.
- MUSIC BROADCAST 's p/e ratio hit its five-year low in Mar2022 of 0x.
How does MUSIC BROADCAST 's P/E Ratio benchmark against top 10 peers in TV Broadcasting & Software Production Industry?
Peer Comparison (TV Broadcasting & Software Production Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
MUSIC BROADCAST | 3.11 | 189.43 | 588.4 |
SUN TV NETWORK LTD | 1,880.73 | 13.28 | 24,975.1 |
ZEE ENTERTAINMENT ENTERPRISES LTD | 113.83 | 112.82 | 12,842.1 |
NETWORK 18 MEDIA & INVESTMENTS LTD | -507.45 | -16.47 | 8,358.8 |
TV18 BROADCAST LTD | -227.06 | -32.92 | 7,474.6 |
DISH TV INDIA LTD | -1,697.50 | -1.81 | 3,069.4 |
DEN NETWORKS LTD | 214.46 | 10.95 | 2,348.4 |
GTPL HATHWAY LTD | 112.00 | 17.20 | 1,925.9 |
NEW DELHI TELEVISION LTD | -21.58 | -64.34 | 1,388.4 |
ENTERTAINMENT NETWORK (INDIA) LTD | 37.67 | 31.97 | 1,204.4 |
TV TODAY NETWORK LTD | 50.77 | 27.40 | 1,390.9 |
TV Broadcasting & Software Production Industry Benchmark (Top 10) PE Analysis vs MUSIC BROADCAST 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -64.34x |
Max industry PE | 189.43x |
Median industry PE | 13.28x |
Average industry PE | 26.14x |
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