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POWER GRID CORPORATION OF INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of POWER GRID CORPORATION OF INDIA is 16.68.

Share Price ₹292.1Apr 26,2024
Market Cap ₹271,670.5 Cr
Earnings-TTM₹16,282.8 CrTTM-Consolidated Results
Price/Earnings16.68xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of POWER GRID CORPORATION OF INDIA

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 POWER GRID CORPORATION OF INDIA is calculated as :

Current Market Cap [ ₹271,670.5 Cr] as on Apr 26,2024

(/) Earnings [ ₹16,282.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 16.68x ]

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

Thus, for POWER GRID CORPORATION OF INDIA , the investors are currently willing to pay 16.68 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 POWER GRID CORPORATION OF INDIA !

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 POWER GRID CORPORATION OF INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of POWER GRID CORPORATION OF INDIA


PE Ratio Performance Analysis for POWER GRID CORPORATION OF INDIA

- POWER GRID CORPORATION OF INDIA 's latest p/e ratio is 16.68x.

- POWER GRID CORPORATION OF INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.92x.

- POWER GRID CORPORATION OF INDIA 's operated at median p/e ratio of 7.75x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, POWER GRID CORPORATION OF INDIA 's p/e ratio peaked in Mar2023 at 10.21x.

- POWER GRID CORPORATION OF INDIA 's p/e ratio hit its five-year low in Mar2020 of 5.64x.


How does POWER GRID CORPORATION OF INDIA 's P/E Ratio benchmark against top 10 peers in Power Generation/Distribution Industry?

Peer Comparison (Power Generation/Distribution Industry)Earnings-TTM (Cr)PE RatioMarket Cap
POWER GRID CORPORATION OF INDIA 16,282.8016.68271,670.5
NTPC LTD16,487.1020.92344,959.0
ADANI GREEN ENERGY LTD1,198.00238.74286,013.0
ADANI POWER LTD23,334.009.78228,215.0
TATA POWER COMPANY LTD3,132.9944.54139,556.0
ADANI ENERGY SOLUTIONS LTD1,251.9894.59118,421.0
NHPC LTD3,737.5224.8792,956.8
JSW ENERGY LTD1,657.7863.32104,971.0
TORRENT POWER LTD1,932.8937.0471,585.5
SJVN LTD990.5253.4052,895.0
NLC INDIA LTD2,590.1013.4334,776.9

Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs POWER GRID CORPORATION OF INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.78x
Max industry PE 238.74x
Median industry PE 37.04x
Average industry PE 56.12x



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