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PARNAX LAB
PE (Price/Earnings) Ratio

The Current P/E Ratio of PARNAX LAB is 14.93.

Share Price ₹114.5May 18,2024
Market Cap ₹131.6 Cr
Earnings-TTM₹8.8 CrTTM-Consolidated Results
Price/Earnings14.93xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PARNAX LAB

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 PARNAX LAB is calculated as :

Current Market Cap [ ₹131.6 Cr] as on May 18,2024

(/) Earnings [ ₹8.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 14.93x ]

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

Thus, for PARNAX LAB , the investors are currently willing to pay 14.93 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 PARNAX LAB !

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 PARNAX LAB over the last five years.

Historical PE (Price/Earnings) ratio chart of PARNAX LAB


PE Ratio Performance Analysis for PARNAX LAB

- PARNAX LAB 's latest p/e ratio is 14.93x.

- PARNAX LAB 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.26x.

- PARNAX LAB 's operated at median p/e ratio of 6.94x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PARNAX LAB 's p/e ratio peaked in Mar2022 at 15.68x.

- PARNAX LAB 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does PARNAX LAB 's P/E Ratio benchmark against top 10 peers in Pharmaceuticals & Drugs Industry?

Peer Comparison (Pharmaceuticals & Drugs Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PARNAX LAB 8.8214.93131.6
SUN PHARMACEUTICAL INDUSTRIES LTD8,998.6340.82367,290.0
CIPLA LTD4,155.3127.28113,357.0
DR REDDYS LABORATORIES LTD5,563.2017.4497,001.5
ZYDUS LIFESCIENCES LTD3,831.4029.01111,134.0
DIVIS LABORATORIES LTD1,382.9775.37104,235.0
MANKIND PHARMA LTD1,926.5543.9184,596.1
TORRENT PHARMACEUTICALS LTD1,494.0061.2891,556.3
LUPIN LTD1,935.5739.0975,652.2
AUROBINDO PHARMA LTD2,777.8925.3770,467.9
ABBOTT INDIA LTD1,201.2247.1356,616.0

Pharmaceuticals & Drugs Industry Benchmark (Top 10) PE Analysis vs PARNAX LAB 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 14.93x
Max industry PE 75.37x
Median industry PE 39.09x
Average industry PE 38.33x



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