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OIL INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of OIL INDIA is 9.80.

Share Price ₹608.5Apr 24,2024
Market Cap ₹65,985.7 Cr
Earnings-TTM₹6,730.3 CrTTM-Consolidated Results
Price/Earnings9.80xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of OIL 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 OIL INDIA is calculated as :

Current Market Cap [ ₹65,985.7 Cr] as on Apr 24,2024

(/) Earnings [ ₹6,730.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 9.80x ]

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

Thus, for OIL INDIA , the investors are currently willing to pay 9.80 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 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 OIL INDIA over the last five years.

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


PE Ratio Performance Analysis for OIL INDIA

- OIL INDIA 's latest p/e ratio is 9.80x.

- OIL INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.92x.

- OIL INDIA 's operated at median p/e ratio of 3.77x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, OIL INDIA 's p/e ratio peaked in Mar2019 at 6.21x.

- OIL INDIA 's p/e ratio hit its five-year low in Mar2020 of 1.91x.


How does OIL INDIA '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 INDIA 6,730.339.8065,985.7
OIL & NATURAL GAS CORPORATION LTD50,690.906.93351,430.0
HINDUSTAN OIL EXPLORATION COMPANY LTD263.8210.122,669.3
JINDAL DRILLING & INDUSTRIES LTD100.2023.052,309.8
ASIAN ENERGY SERVICES LTD3.98298.281,188.0
SELAN EXPLORATION TECHNOLOGY LTD25.8437.05957.4
DEEP ENERGY RESOURCES LTD-0.64-906.17581.8
ABAN OFFSHORE LTD-1,355.95-0.30413.1
GUJARAT NATURAL RESOURCES LTD-2.39-52.36125.2
AAKASH EXPLORATION SERVICES LTD3.7630.06112.9

Oil Exploration Industry Benchmark (Top 10) PE Analysis vs OIL INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -906.17x
Max industry PE 298.28x
Median industry PE 10.12x
Average industry PE -54.35x



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