ROLEX RINGS
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The Current P/E Ratio of ROLEX RINGS is 28.71.
| Share Price | ₹1,887.6 | Apr 24,2024 |
| Market Cap | ₹5,134.1 Cr | |
| Earnings-TTM | ₹178.8 Cr | TTM-Standalone Results |
| Price/Earnings | 28.71x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of ROLEX RINGS
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 [ ₹5,134.1 Cr] as on Apr 24,2024
(/) Earnings [ ₹178.8 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 28.71x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for ROLEX RINGS , the investors are currently willing to pay 28.71 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 ROLEX RINGS !
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 ROLEX RINGS over the last five years.
Thus, for ROLEX RINGS , the investors are currently willing to pay 28.71 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 ROLEX RINGS !
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 ROLEX RINGS over the last five years.
Historical PE (Price/Earnings) ratio chart of ROLEX RINGS
PE Ratio Performance Analysis for ROLEX RINGS
- ROLEX RINGS 's latest p/e ratio is 28.71x.
- ROLEX RINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.68x.
- ROLEX RINGS '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, ROLEX RINGS 's p/e ratio peaked in Mar2023 at 27.51x.
- ROLEX RINGS 's p/e ratio hit its five-year low in Mar2021 of 0x.
- ROLEX RINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.68x.
- ROLEX RINGS '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, ROLEX RINGS 's p/e ratio peaked in Mar2023 at 27.51x.
- ROLEX RINGS 's p/e ratio hit its five-year low in Mar2021 of 0x.
How does ROLEX RINGS 's P/E Ratio benchmark against top 10 peers in Bearings Industry?
| Peer Comparison (Bearings Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| ROLEX RINGS | 178.82 | 28.71 | 5,134.1 |
| SCHAEFFLER INDIA LTD | 909.03 | 56.58 | 51,435.6 |
| TIMKEN INDIA LTD | 355.23 | 67.10 | 23,834.2 |
| SKF INDIA LTD | 499.79 | 45.70 | 22,841.3 |
| NRB BEARINGS LTD | 243.48 | 12.87 | 3,134.0 |
| GALAXY BEARINGS LTD | 18.63 | 25.23 | 470.1 |
| BIMETAL BEARINGS LTD | 8.78 | 27.75 | 243.5 |
| VISHAL BEARINGS LTD | 3.16 | 52.59 | 166.0 |
| SNL BEARINGS LTD | 7.28 | 19.59 | 142.6 |
Bearings Industry Benchmark (Top 10) PE Analysis vs ROLEX RINGS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 12.87x |
| Max industry PE | 67.10x |
| Median industry PE | 28.71x |
| Average industry PE | 37.35x |
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