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NOVARTIS INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of NOVARTIS INDIA is 27.04.

Share Price ₹1,045.9Apr 25,2024
Market Cap ₹2,583.4 Cr
Earnings-TTM₹95.5 CrTTM-Standalone Results
Price/Earnings27.04xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NOVARTIS INDIA

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 NOVARTIS INDIA is calculated as :

Current Market Cap [ ₹2,583.4 Cr] as on Apr 25,2024

(/) Earnings [ ₹95.5 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 27.04x ]

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

Thus, for NOVARTIS INDIA , the investors are currently willing to pay 27.04 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 NOVARTIS INDIA !

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 NOVARTIS INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of NOVARTIS INDIA


PE Ratio Performance Analysis for NOVARTIS INDIA

- NOVARTIS INDIA 's latest p/e ratio is 27.04x.

- NOVARTIS INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 46.87x.

- NOVARTIS INDIA 's operated at median p/e ratio of 32.69x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NOVARTIS INDIA 's p/e ratio peaked in Mar2020 at 122.97x.

- NOVARTIS INDIA 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does NOVARTIS INDIA 's P/E Ratio benchmark against top 10 peers in Trading Industry?

Peer Comparison (Trading Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NOVARTIS INDIA 95.5327.042,583.4
ADANI ENTERPRISES LTD3,751.7094.70355,270.0
REDINGTON LTD1,243.1114.0317,445.3
HONASA CONSUMER LTD77.66176.5113,707.4
MMTC LTD49.62225.7911,203.5
MSTC LTD239.5627.276,532.4
LLOYDS ENTERPRISES LTD132.2835.864,743.8
VERITAS (INDIA) LTD191.6220.964,016.7
OPTIEMUS INFRACOM LTD53.2344.872,388.6
MISHTANN FOODS LTD26.0176.741,996.0
SIRCA PAINTS INDIA LTD48.4136.121,748.4

Trading Industry Benchmark (Top 10) PE Analysis vs NOVARTIS INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 14.03x
Max industry PE 225.79x
Median industry PE 36.12x
Average industry PE 70.90x



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