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OIL & NATURAL GAS CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of OIL & NATURAL GAS CORPORATION is 7.02.

Share Price ₹282.9Apr 26,2024
Market Cap ₹355,833.8 Cr
Earnings-TTM₹50,690.9 CrTTM-Consolidated Results
Price/Earnings7.02xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of OIL & NATURAL GAS CORPORATION

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 OIL & NATURAL GAS CORPORATION is calculated as :

Current Market Cap [ ₹355,833.8 Cr] as on Apr 26,2024

(/) Earnings [ ₹50,690.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 7.02x ]

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

Thus, for OIL & NATURAL GAS CORPORATION , the investors are currently willing to pay 7.02 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 OIL & NATURAL GAS CORPORATION !

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 OIL & NATURAL GAS CORPORATION over the last five years.

Historical PE (Price/Earnings) ratio chart of OIL & NATURAL GAS CORPORATION


PE Ratio Performance Analysis for OIL & NATURAL GAS CORPORATION

- OIL & NATURAL GAS CORPORATION 's latest p/e ratio is 7.02x.

- OIL & NATURAL GAS CORPORATION 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.46x.

- OIL & NATURAL GAS CORPORATION 's operated at median p/e ratio of 6.57x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, OIL & NATURAL GAS CORPORATION 's p/e ratio peaked in Mar2020 at 7.95x.

- OIL & NATURAL GAS CORPORATION 's p/e ratio hit its five-year low in Mar2022 of 4.53x.


How does OIL & NATURAL GAS CORPORATION 's P/E Ratio benchmark against top 10 peers in Oil Exploration Industry?

Peer Comparison (Oil Exploration Industry)Earnings-TTM (Cr)PE RatioMarket Cap
OIL & NATURAL GAS CORPORATION 50,690.907.02355,833.8
OIL INDIA LTD6,730.3310.1268,138.6
HINDUSTAN OIL EXPLORATION COMPANY LTD263.8210.372,735.5
JINDAL DRILLING & INDUSTRIES LTD100.2022.792,283.9
ASIAN ENERGY SERVICES LTD3.98287.951,146.9
SELAN EXPLORATION TECHNOLOGY LTD25.8436.89953.3
DEEP ENERGY RESOURCES LTD-0.64-907.91582.9
ABAN OFFSHORE LTD-1,355.95-0.30409.5
GUJARAT NATURAL RESOURCES LTD-2.39-51.72123.7
AAKASH EXPLORATION SERVICES LTD3.7629.12109.4

Oil Exploration Industry Benchmark (Top 10) PE Analysis vs OIL & NATURAL GAS CORPORATION 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -907.91x
Max industry PE 287.95x
Median industry PE 10.37x
Average industry PE -55.57x



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