REDTAPE
|
The Current P/E Ratio of REDTAPE is 54.03.
| Share Price | ₹737.0 | May 03,2024 |
| Market Cap | ₹10,185.3 Cr | |
| Earnings-TTM | ₹188.5 Cr | TTM-Consolidated Results |
| Price/Earnings | 54.03x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of REDTAPE
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)
Current Market Cap [ ₹10,185.3 Cr] as on May 03,2024
(/) Earnings [ ₹188.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 54.03x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for REDTAPE , the investors are currently willing to pay 54.03 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 REDTAPE !
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 REDTAPE over the last five years.
Thus, for REDTAPE , the investors are currently willing to pay 54.03 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 REDTAPE !
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 REDTAPE over the last five years.
Historical PE (Price/Earnings) ratio chart of REDTAPE
PE Ratio Performance Analysis for REDTAPE
- REDTAPE 's latest p/e ratio is 54.03x.
- REDTAPE 's p/e ratio for fiscal years ending Mar2023 to Mar2023 averaged 0.00x.
- REDTAPE 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 1 fiscal years, REDTAPE 's p/e ratio peaked in Mar2023 at 0x.
- REDTAPE 's p/e ratio hit its five-year low in Mar2023 of 0x.
- REDTAPE 's p/e ratio for fiscal years ending Mar2023 to Mar2023 averaged 0.00x.
- REDTAPE 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 1 fiscal years, REDTAPE 's p/e ratio peaked in Mar2023 at 0x.
- REDTAPE 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does REDTAPE 's P/E Ratio benchmark against top 10 peers in Retailing Industry?
| Peer Comparison (Retailing Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| REDTAPE | 188.50 | 54.03 | 10,185.3 |
| AVENUE SUPERMARTS LTD | 2,432.57 | 123.33 | 300,011.0 |
| TRENT LTD | 1,353.89 | 118.76 | 160,789.0 |
| METRO BRANDS LTD | 326.00 | 89.05 | 29,031.6 |
| ADITYA BIRLA FASHION AND RETAIL LTD | -673.62 | -38.30 | 25,801.8 |
| BATA INDIA LTD | 264.49 | 65.04 | 17,202.8 |
| SHOPPERS STOP LTD | 77.25 | 104.16 | 8,046.4 |
| ELECTRONICS MART INDIA LTD | 179.51 | 48.94 | 8,785.7 |
| ETHOS LTD | 74.77 | 76.70 | 5,734.7 |
| VAIBHAV GLOBAL LTD | 129.02 | 51.55 | 6,650.8 |
| GO FASHION (INDIA) LTD | 84.50 | 66.43 | 5,613.2 |
Retailing Industry Benchmark (Top 10) PE Analysis vs REDTAPE 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -38.30x |
| Max industry PE | 123.33x |
| Median industry PE | 66.43x |
| Average industry PE | 69.06x |
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