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PI INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of PI INDUSTRIES is 36.17.

Share Price ₹3,774.8Apr 26,2024
Market Cap ₹57,263.0 Cr
Earnings-TTM₹1,583.3 CrTTM-Consolidated Results
Price/Earnings36.17xCalculated 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 [ ₹57,263.0 Cr] as on Apr 26,2024

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

(=) P/E Ratio [ 36.17x ]

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 36.17 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 36.17x.

- 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 1,583.3036.1757,263.0
UPL LTD-551.00-69.2738,168.4
BAYER CROPSCIENCE LTD803.0030.9224,830.3
SUMITOMO CHEMICAL INDIA LTD331.9860.7920,180.5
BASF INDIA LTD484.2333.1116,034.7
RALLIS INDIA LTD148.0035.655,275.9
DHANUKA AGRITECH LTD245.3826.116,407.0
BHARAT RASAYAN LTD58.3168.373,986.8
SHARDA CROPCHEM LTD87.2739.203,421.2
INDIA PESTICIDES LTD88.9430.742,734.0
ASTEC LIFESCIENCES LTD-50.90-47.072,395.8

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

Top 10 Industry PeersPE Ratio
Min industry PE -69.27x
Max industry PE 68.37x
Median industry PE 33.11x
Average industry PE 22.25x



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