MAHANAGAR GAS
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The Current P/E Ratio of MAHANAGAR GAS is 13.68.
Share Price | ₹1,483.1 | Jul 23,2025 |
Market Cap | ₹14,652.5 Cr | |
Earnings-TTM | ₹1,071.1 Cr | TTM-Consolidated Results |
Price/Earnings | 13.68x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of MAHANAGAR GAS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹14,652.5 Cr] as on Jul 23,2025
(/) Earnings [ ₹1,071.1 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 13.68x ]
Thus, for MAHANAGAR GAS , the investors are currently willing to pay 13.68 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 MAHANAGAR GAS !
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 MAHANAGAR GAS over the last five years.
Historical PE (Price/Earnings) ratio chart of MAHANAGAR GAS
PE Ratio Performance Analysis for MAHANAGAR GAS
- MAHANAGAR GAS 's p/e ratio for fiscal years ending Mar2024 to Mar2023 averaged 11.43x.
- MAHANAGAR GAS 's operated at median p/e ratio of 12.31x from fiscal years ending March 2018 to 2022.
- Looking back at the last 2 fiscal years, MAHANAGAR GAS 's p/e ratio peaked in Mar2023 at 12.31x.
- MAHANAGAR GAS 's p/e ratio hit its five-year low in Mar2024 of 10.55x.
How does MAHANAGAR GAS 's P/E Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?
Peer Comparison (Gas Transmission/Marketing Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
MAHANAGAR GAS | 1,071.11 | 13.68 | 14,652.5 |
ADANI TOTAL GAS LTD | 639.38 | 112.17 | 71,718.6 |
GUJARAT GAS LTD | 1,143.83 | 28.71 | 32,836.2 |
INDRAPRASTHA GAS LTD | 1,351.72 | 21.79 | 29,456.0 |
GUJARAT STATE PETRONET LTD | 1,697.95 | 11.03 | 18,720.5 |
CONFIDENCE FUTURISTIC ENERGETECH LTD | 7.78 | 22.65 | 176.3 |
Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs MAHANAGAR GAS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 11.03x |
Max industry PE | 112.17x |
Median industry PE | 22.65x |
Average industry PE | 35.00x |
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