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MUSIC BROADCAST
PE (Price/Earnings) Ratio

The Current P/E Ratio of MUSIC BROADCAST is 189.43.

Share Price ₹17.0May 07,2024
Market Cap ₹588.4 Cr
Earnings-TTM₹3.1 CrTTM-Standalone Results
Price/Earnings189.43xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MUSIC BROADCAST

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 MUSIC BROADCAST is calculated as :

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 ]

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

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 latest p/e ratio is 189.43x.

- 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 RatioMarket Cap
MUSIC BROADCAST 3.11189.43588.4
SUN TV NETWORK LTD1,880.7313.2824,975.1
ZEE ENTERTAINMENT ENTERPRISES LTD113.83112.8212,842.1
NETWORK 18 MEDIA & INVESTMENTS LTD-507.45-16.478,358.8
TV18 BROADCAST LTD-227.06-32.927,474.6
DISH TV INDIA LTD-1,697.50-1.813,069.4
DEN NETWORKS LTD214.4610.952,348.4
GTPL HATHWAY LTD112.0017.201,925.9
NEW DELHI TELEVISION LTD-21.58-64.341,388.4
ENTERTAINMENT NETWORK (INDIA) LTD37.6731.971,204.4
TV TODAY NETWORK LTD50.7727.401,390.9

TV Broadcasting & Software Production Industry Benchmark (Top 10) PE Analysis vs MUSIC BROADCAST 's P/E Ratio

Top 10 Industry PeersPE 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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