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PALRED TECHNOLOGIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of PALRED TECHNOLOGIES is -29.26.

Share Price ₹132.1Apr 25,2024
Market Cap ₹161.1 Cr
Earnings-TTM₹-5.5 CrTTM-Consolidated Results
Price/Earnings-29.26xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PALRED TECHNOLOGIES

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 PALRED TECHNOLOGIES is calculated as :

Current Market Cap [ ₹161.1 Cr] as on Apr 25,2024

(/) Earnings [ ₹-5.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -29.26x ]

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

Thus, for PALRED TECHNOLOGIES , the investors are currently willing to pay -29.26 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 PALRED TECHNOLOGIES !

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 PALRED TECHNOLOGIES over the last five years.

Historical PE (Price/Earnings) ratio chart of PALRED TECHNOLOGIES


PE Ratio Performance Analysis for PALRED TECHNOLOGIES

- PALRED TECHNOLOGIES 's latest p/e ratio is -29.26x.

- PALRED TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.31x.

- PALRED TECHNOLOGIES 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PALRED TECHNOLOGIES 's p/e ratio peaked in Mar2021 at 36.57x.

- PALRED TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does PALRED TECHNOLOGIES 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PALRED TECHNOLOGIES -5.51-29.26161.1
TATA CONSULTANCY SERVICES LTD46,099.0030.231,393,630.0
INFOSYS LTD26,248.0022.75597,061.0
HCL TECHNOLOGIES LTD15,696.0026.00408,040.0
WIPRO LTD11,135.4021.63240,892.0
LTIMINDTREE LTD4,584.6029.95137,315.0
TECH MAHINDRA LTD2,386.3048.72116,249.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,219.3627.8861,875.7
PERSISTENT SYSTEMS LTD1,093.4948.3352,843.0
L&T TECHNOLOGY SERVICES LTD1,306.2041.9554,793.0
TATA ELXSI LTD792.2455.7644,177.4

IT - Software Industry Benchmark (Top 10) PE Analysis vs PALRED TECHNOLOGIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -29.26x
Max industry PE 55.76x
Median industry PE 29.95x
Average industry PE 29.45x



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