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PRECISION WIRES INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of PRECISION WIRES INDIA is 35.71.

Share Price ₹127.5Apr 22,2024
Market Cap ₹2,278.4 Cr
Earnings-TTM₹63.8 CrTTM-Standalone Results
Price/Earnings35.71xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PRECISION WIRES 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 PRECISION WIRES INDIA is calculated as :

Current Market Cap [ ₹2,278.4 Cr] as on Apr 22,2024

(/) Earnings [ ₹63.8 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 35.71x ]

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

Thus, for PRECISION WIRES INDIA , the investors are currently willing to pay 35.71 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 PRECISION WIRES 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 PRECISION WIRES INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of PRECISION WIRES INDIA


PE Ratio Performance Analysis for PRECISION WIRES INDIA

- PRECISION WIRES INDIA 's latest p/e ratio is 35.71x.

- PRECISION WIRES INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.46x.

- PRECISION WIRES INDIA 's operated at median p/e ratio of 1.52x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRECISION WIRES INDIA 's p/e ratio peaked in Mar2023 at 19.33x.

- PRECISION WIRES INDIA 's p/e ratio hit its five-year low in Mar2020 of 0.65x.


How does PRECISION WIRES INDIA 's P/E Ratio benchmark against top 10 peers in Cable Industry?

Peer Comparison (Cable Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PRECISION WIRES INDIA 63.8135.712,278.4
POLYCAB INDIA LTD1,683.8848.4581,591.4
KEI INDUSTRIES LTD550.3662.6834,496.1
RR KABEL LTD250.8473.4418,421.1
FINOLEX CABLES LTD488.7430.5814,947.5
STERLITE TECHNOLOGIES LTD94.0067.026,299.4
PARAMOUNT COMMUNICATIONS LTD69.8534.762,428.1
UNIVERSAL CABLES LTD23.2985.701,995.9
DYNAMIC CABLES LTD33.9828.28960.9
BIRLA CABLE LTD33.2924.62819.6
DELTON CABLES LTD4.0280.24322.4

Cable Industry Benchmark (Top 10) PE Analysis vs PRECISION WIRES INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 24.62x
Max industry PE 85.70x
Median industry PE 48.45x
Average industry PE 51.95x



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