ROUTE MOBILE
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The Current P/E Ratio of ROUTE MOBILE is 24.24.
Share Price | ₹1,535.3 | Apr 19,2024 |
Market Cap | ₹9,641.4 Cr | |
Earnings-TTM | ₹397.7 Cr | TTM-Consolidated Results |
Price/Earnings | 24.24x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of ROUTE MOBILE
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹9,641.4 Cr] as on Apr 19,2024
(/) Earnings [ ₹397.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 24.24x ]
Thus, for ROUTE MOBILE , the investors are currently willing to pay 24.24 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 ROUTE MOBILE !
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 ROUTE MOBILE over the last five years.
Historical PE (Price/Earnings) ratio chart of ROUTE MOBILE
PE Ratio Performance Analysis for ROUTE MOBILE
- ROUTE MOBILE 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 29.09x.
- ROUTE MOBILE 's operated at median p/e ratio of 26.09x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ROUTE MOBILE 's p/e ratio peaked in Mar2021 at 61.06x.
- ROUTE MOBILE 's p/e ratio hit its five-year low in Mar2020 of 0x.
How does ROUTE MOBILE 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
ROUTE MOBILE | 397.73 | 24.24 | 9,641.4 |
TATA CONSULTANCY SERVICES LTD | 46,099.00 | 30.04 | 1,384,800.0 |
INFOSYS LTD | 26,248.00 | 22.32 | 585,936.0 |
HCL TECHNOLOGIES LTD | 15,696.00 | 25.03 | 392,912.0 |
WIPRO LTD | 11,350.10 | 20.85 | 236,626.0 |
LTIMINDTREE LTD | 4,598.00 | 30.01 | 138,000.0 |
TECH MAHINDRA LTD | 2,858.50 | 40.79 | 116,606.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,138.54 | 30.82 | 65,902.8 |
PERSISTENT SYSTEMS LTD | 1,029.68 | 58.16 | 59,888.5 |
L&T TECHNOLOGY SERVICES LTD | 1,275.70 | 43.39 | 55,353.7 |
TATA ELXSI LTD | 796.82 | 58.18 | 46,361.7 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs ROUTE MOBILE 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 20.85x |
Max industry PE | 58.18x |
Median industry PE | 30.04x |
Average industry PE | 34.89x |
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