Home > PE Ratio > RAMA STEEL TUBES

RAMA STEEL TUBES
PE (Price/Earnings) Ratio

The Current P/E Ratio of RAMA STEEL TUBES is 55.61.

Share Price ₹12.2Apr 19,2024
Market Cap ₹1,897.7 Cr
Earnings-TTM₹34.1 CrTTM-Consolidated Results
Price/Earnings55.61xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for RAMA STEEL TUBES
Please provide your vote to see the results
RAMA STEEL TUBES is part of below Screeners ↓
Best Quarterly Growth Small Cap Stocks

Definition & Calculation of PE (Price/Earnings) ratio of RAMA STEEL TUBES

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 RAMA STEEL TUBES is calculated as :

Current Market Cap [ ₹1,897.7 Cr] as on Apr 19,2024

(/) Earnings [ ₹34.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 55.61x ]

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

Thus, for RAMA STEEL TUBES , the investors are currently willing to pay 55.61 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 RAMA STEEL TUBES !

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 RAMA STEEL TUBES over the last five years.

Historical PE (Price/Earnings) ratio chart of RAMA STEEL TUBES


PE Ratio Performance Analysis for RAMA STEEL TUBES

- RAMA STEEL TUBES 's latest p/e ratio is 55.61x.

- RAMA STEEL TUBES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.75x.

- RAMA STEEL TUBES 's operated at median p/e ratio of 0.9x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RAMA STEEL TUBES 's p/e ratio peaked in Mar2023 at 48.62x.

- RAMA STEEL TUBES 's p/e ratio hit its five-year low in Mar2021 of 0.39x.


How does RAMA STEEL TUBES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
RAMA STEEL TUBES 34.1355.611,897.7
JSW STEEL LTD11,474.0018.44211,593.0
TATA STEEL LTD-3,899.20-51.90202,357.0
JINDAL STAINLESS LTD2,816.4120.2457,006.4
STEEL AUTHORITY OF INDIA LTD2,533.0123.8060,285.0
APL APOLLO TUBES LTD763.8256.5043,155.1
MOTHERSON SUMI WIRING INDIA LTD585.3452.9430,987.6
RATNAMANI METALS & TUBES LTD624.5632.6320,381.3
SHYAM METALICS AND ENERGY LTD1,101.7315.0616,593.0
WELSPUN CORP LTD894.1615.4613,821.2
JINDAL SAW LTD1,406.6010.9115,351.4

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs RAMA STEEL TUBES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -51.90x
Max industry PE 56.50x
Median industry PE 20.24x
Average industry PE 22.70x



You may also like the below Video Courses