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RANE ENGINE VALVE
PE (Price/Earnings) Ratio

The Current P/E Ratio of RANE ENGINE VALVE is 22.73.

Share Price ₹365.6Apr 24,2024
Market Cap ₹263.2 Cr
Earnings-TTM₹11.6 CrTTM-Standalone Results
Price/Earnings22.73xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RANE ENGINE VALVE

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 RANE ENGINE VALVE is calculated as :

Current Market Cap [ ₹263.2 Cr] as on Apr 24,2024

(/) Earnings [ ₹11.6 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 22.73x ]

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

Thus, for RANE ENGINE VALVE , the investors are currently willing to pay 22.73 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 RANE ENGINE VALVE !

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 RANE ENGINE VALVE over the last five years.

Historical PE (Price/Earnings) ratio chart of RANE ENGINE VALVE


PE Ratio Performance Analysis for RANE ENGINE VALVE

- RANE ENGINE VALVE 's latest p/e ratio is 22.73x.

- RANE ENGINE VALVE 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.00x.

- RANE ENGINE VALVE 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RANE ENGINE VALVE 's p/e ratio peaked in Mar2023 at 0x.

- RANE ENGINE VALVE 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does RANE ENGINE VALVE 's P/E Ratio benchmark against top 10 peers in Auto Ancillary Industry?

Peer Comparison (Auto Ancillary Industry)Earnings-TTM (Cr)PE RatioMarket Cap
RANE ENGINE VALVE 11.5822.73263.2
BOSCH LTD2,324.7036.6285,136.9
SAMVARDHANA MOTHERSON INTERNATIONAL LTD2,137.9840.1985,925.0
SONA BLW PRECISION FORGINGS LTD489.5179.8739,095.5
UNO MINDA LTD665.4462.2541,420.9
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD407.4664.7426,376.7
ENDURANCE TECHNOLOGIES LTD606.8044.7627,159.9
JBM AUTO LTD157.18137.1621,558.8
TVS HOLDINGS LTD1,761.189.6316,964.9
MINDA CORPORATION LTD279.6035.439,906.3
CRAFTSMAN AUTOMATION LTD346.3628.089,724.9

Auto Ancillary Industry Benchmark (Top 10) PE Analysis vs RANE ENGINE VALVE 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.63x
Max industry PE 137.16x
Median industry PE 40.19x
Average industry PE 51.04x



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