PERSISTENT SYSTEMS
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The Current P/E Ratio of PERSISTENT SYSTEMS is 47.37.
Share Price | ₹3,361.3 | May 07,2024 |
Market Cap | ₹51,797.6 Cr | |
Earnings-TTM | ₹1,093.5 Cr | TTM-Consolidated Results |
Price/Earnings | 47.37x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of PERSISTENT SYSTEMS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹51,797.6 Cr] as on May 07,2024
(/) Earnings [ ₹1,093.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 47.37x ]
Thus, for PERSISTENT SYSTEMS , the investors are currently willing to pay 47.37 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 PERSISTENT SYSTEMS !
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 PERSISTENT SYSTEMS over the last five years.
Historical PE (Price/Earnings) ratio chart of PERSISTENT SYSTEMS
PE Ratio Performance Analysis for PERSISTENT SYSTEMS
- PERSISTENT SYSTEMS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 30.04x.
- PERSISTENT SYSTEMS 's operated at median p/e ratio of 32.54x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, PERSISTENT SYSTEMS 's p/e ratio peaked in Mar2022 at 52.81x.
- PERSISTENT SYSTEMS 's p/e ratio hit its five-year low in Mar2020 of 12.37x.
How does PERSISTENT SYSTEMS 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
PERSISTENT SYSTEMS | 1,093.49 | 47.37 | 51,797.6 |
TATA CONSULTANCY SERVICES LTD | 46,099.00 | 31.22 | 1,439,370.0 |
INFOSYS LTD | 26,248.00 | 22.79 | 598,131.0 |
HCL TECHNOLOGIES LTD | 15,710.00 | 22.99 | 361,107.0 |
WIPRO LTD | 11,135.40 | 21.76 | 242,254.0 |
LTIMINDTREE LTD | 4,584.60 | 30.36 | 139,166.0 |
TECH MAHINDRA LTD | 2,386.30 | 52.89 | 126,222.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,219.36 | 29.90 | 66,359.5 |
L&T TECHNOLOGY SERVICES LTD | 1,306.20 | 36.45 | 47,614.1 |
TATA ELXSI LTD | 792.24 | 56.08 | 44,428.3 |
MPHASIS LTD | 1,554.82 | 27.79 | 43,214.0 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs PERSISTENT SYSTEMS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 21.76x |
Max industry PE | 56.08x |
Median industry PE | 30.36x |
Average industry PE | 34.51x |
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