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PRIME INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of PRIME INDUSTRIES is 27.02.

Share Price ₹204.1May 21,2024
Market Cap ₹320.4 Cr
Earnings-TTM₹11.9 CrTTM-Standalone Results
Price/Earnings27.02xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PRIME 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 PRIME INDUSTRIES is calculated as :

Current Market Cap [ ₹320.4 Cr] as on May 21,2024

(/) Earnings [ ₹11.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 27.02x ]

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

Thus, for PRIME INDUSTRIES , the investors are currently willing to pay 27.02 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 PRIME 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 PRIME INDUSTRIES over the last five years.

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


PE Ratio Performance Analysis for PRIME INDUSTRIES

- PRIME INDUSTRIES 's latest p/e ratio is 27.02x.

- PRIME INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.60x.

- PRIME INDUSTRIES 's operated at median p/e ratio of 1.46x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRIME INDUSTRIES 's p/e ratio peaked in Mar2021 at 38.15x.

- PRIME INDUSTRIES 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does PRIME INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Consumer Food Industry?

Peer Comparison (Consumer Food Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PRIME INDUSTRIES 11.8627.02320.4
NESTLE INDIA LTD3,196.2074.26237,347.0
VARUN BEVERAGES LTD2,211.8488.76196,324.0
BRITANNIA INDUSTRIES LTD2,137.4158.39124,796.0
MARICO LTD1,502.0050.9176,460.7
JUBILANT FOODWORKS LTD241.72130.9631,656.1
HATSUN AGRO PRODUCT LTD267.2984.3022,532.1
DEVYANI INTERNATIONAL LTD-9.65-1,906.2418,399.0
BIKAJI FOODS INTERNATIONAL LTD185.4772.0113,355.4
SAPPHIRE FOODS INDIA LTD51.96173.939,036.8
GODREJ AGROVET LTD307.4134.6310,644.5

Consumer Food Industry Benchmark (Top 10) PE Analysis vs PRIME INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -1,906.24x
Max industry PE 173.93x
Median industry PE 72.01x
Average industry PE -101.01x



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