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NOVARTIS INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of NOVARTIS INDIA is 25.52.

Share Price ₹987.0Mar 18,2024
Market Cap ₹2,437.8 Cr
Earnings-TTM₹95.5 CrTTM-Standalone Results
Price/Earnings25.52xCalculated 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 [ ₹2,437.8 Cr] as on Mar 18,2024

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

(=) P/E Ratio [ 25.52x ]

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 25.52 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 25.52x.

- 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 95.5325.522,437.8
ADANI ENTERPRISES LTD3,751.7094.51354,586.0
REDINGTON LTD1,243.1113.0316,202.3
MMTC LTD49.62199.769,912.0
OPTIEMUS INFRACOM LTD53.2343.542,317.7
MSTC LTD239.5624.785,935.8
SIRCA PAINTS INDIA LTD48.4134.531,671.7
POLO QUEEN INDUSTRIAL & FINTECH LTD1.70836.901,418.5
UNIPHOS ENTERPRISES LTD39.7223.77944.1
INDIA MOTOR PARTS & ACCESSORIES LTD80.6715.191,225.1
VINYL CHEMICALS (INDIA) LTD21.6128.96625.8

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

Top 10 Industry PeersPE Ratio
Min industry PE 13.03x
Max industry PE 836.90x
Median industry PE 28.96x
Average industry PE 121.86x



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