NRB BEARINGS
|
The Current P/E Ratio of NRB BEARINGS is 12.84.
| Share Price | ₹322.8 | Apr 19,2024 |
| Market Cap | ₹3,127.4 Cr | |
| Earnings-TTM | ₹243.5 Cr | TTM-Consolidated Results |
| Price/Earnings | 12.84x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of NRB BEARINGS
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)
Current Market Cap [ ₹3,127.4 Cr] as on Apr 19,2024
(/) Earnings [ ₹243.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 12.84x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for NRB BEARINGS , the investors are currently willing to pay 12.84 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 NRB BEARINGS !
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 NRB BEARINGS over the last five years.
Thus, for NRB BEARINGS , the investors are currently willing to pay 12.84 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 NRB BEARINGS !
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 NRB BEARINGS over the last five years.
Historical PE (Price/Earnings) ratio chart of NRB BEARINGS
PE Ratio Performance Analysis for NRB BEARINGS
- NRB BEARINGS 's latest p/e ratio is 12.84x.
- NRB BEARINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 16.66x.
- NRB BEARINGS 's operated at median p/e ratio of 16.98x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NRB BEARINGS 's p/e ratio peaked in Mar2021 at 19.45x.
- NRB BEARINGS 's p/e ratio hit its five-year low in Mar2023 of 13.81x.
- NRB BEARINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 16.66x.
- NRB BEARINGS 's operated at median p/e ratio of 16.98x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NRB BEARINGS 's p/e ratio peaked in Mar2021 at 19.45x.
- NRB BEARINGS 's p/e ratio hit its five-year low in Mar2023 of 13.81x.
How does NRB BEARINGS 's P/E Ratio benchmark against top 10 peers in Bearings Industry?
| Peer Comparison (Bearings Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| NRB BEARINGS | 243.48 | 12.84 | 3,127.4 |
| SCHAEFFLER INDIA LTD | 909.03 | 56.29 | 51,168.4 |
| TIMKEN INDIA LTD | 355.23 | 64.46 | 22,899.2 |
| SKF INDIA LTD | 499.79 | 45.42 | 22,701.7 |
| ROLEX RINGS LTD | 178.82 | 28.54 | 5,103.4 |
| GALAXY BEARINGS LTD | 18.63 | 24.31 | 452.9 |
| BIMETAL BEARINGS LTD | 8.78 | 27.93 | 245.1 |
| VISHAL BEARINGS LTD | 3.16 | 51.87 | 163.7 |
| SNL BEARINGS LTD | 7.28 | 19.66 | 143.1 |
Bearings Industry Benchmark (Top 10) PE Analysis vs NRB BEARINGS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 12.84x |
| Max industry PE | 64.46x |
| Median industry PE | 28.54x |
| Average industry PE | 36.81x |
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