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PI INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of PI INDUSTRIES is 34.41.

Share Price ₹3,591.3May 06,2024
Market Cap ₹54,480.0 Cr
Earnings-TTM₹1,583.3 CrTTM-Consolidated Results
Price/Earnings34.41xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PI INDUSTRIES

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 PI INDUSTRIES is calculated as :

Current Market Cap [ ₹54,480.0 Cr] as on May 06,2024

(/) Earnings [ ₹1,583.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 34.41x ]

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

Thus, for PI INDUSTRIES , the investors are currently willing to pay 34.41 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 PI INDUSTRIES !

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 PI INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of PI INDUSTRIES


PE Ratio Performance Analysis for PI INDUSTRIES

- PI INDUSTRIES 's latest p/e ratio is 34.41x.

- PI INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 40.94x.

- PI INDUSTRIES 's operated at median p/e ratio of 37.42x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PI INDUSTRIES 's p/e ratio peaked in Mar2022 at 50.82x.

- PI INDUSTRIES 's p/e ratio hit its five-year low in Mar2019 of 34.7x.


How does PI INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Pesticides & Agrochemicals Industry?

Peer Comparison (Pesticides & Agrochemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PI INDUSTRIES 1,583.3034.4154,480.0
UPL LTD-551.00-65.8536,284.4
BAYER CROPSCIENCE LTD803.0030.3924,399.7
SUMITOMO CHEMICAL INDIA LTD331.9859.9319,895.9
BASF INDIA LTD484.2338.1818,487.1
RALLIS INDIA LTD148.0035.875,308.0
DHANUKA AGRITECH LTD245.3825.806,331.5
BHARAT RASAYAN LTD58.3166.993,906.0
SHARDA CROPCHEM LTD87.2737.193,245.7
INDIA PESTICIDES LTD88.9428.922,572.2
ASTEC LIFESCIENCES LTD-46.89-51.812,429.5

Pesticides & Agrochemicals Industry Benchmark (Top 10) PE Analysis vs PI INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -65.85x
Max industry PE 66.99x
Median industry PE 34.41x
Average industry PE 21.82x



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