SAL STEEL
|
The Current P/E Ratio of SAL STEEL is -67.53.
Share Price | ₹18.8 | Apr 24,2024 |
Market Cap | ₹159.4 Cr | |
Earnings-TTM | ₹-2.4 Cr | TTM-Standalone Results |
Price/Earnings | -67.53x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of SAL STEEL
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹159.4 Cr] as on Apr 24,2024
(/) Earnings [ ₹-2.4 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ -67.53x ]
Thus, for SAL STEEL , the investors are currently willing to pay -67.53 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 SAL STEEL !
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 SAL STEEL over the last five years.
Historical PE (Price/Earnings) ratio chart of SAL STEEL
PE Ratio Performance Analysis for SAL STEEL
- SAL STEEL 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.64x.
- SAL STEEL 's operated at median p/e ratio of 2.27x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SAL STEEL 's p/e ratio peaked in Mar2023 at 32.68x.
- SAL STEEL 's p/e ratio hit its five-year low in Mar2019 of 0x.
How does SAL STEEL 's P/E Ratio benchmark against top 10 peers in Steel/Sponge Iron/Pig Iron Industry?
Peer Comparison (Steel/Sponge Iron/Pig Iron Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
SAL STEEL | -2.36 | -67.53 | 159.4 |
JINDAL STEEL & POWER LTD | 5,475.88 | 17.44 | 95,521.0 |
LLOYDS METALS & ENERGY LTD | 1,235.05 | 29.84 | 36,848.1 |
JAI BALAJI INDUSTRIES LTD | 593.51 | 30.08 | 17,852.1 |
STEEL EXCHANGE INDIA LTD | -51.47 | -32.50 | 1,673.1 |
SURAJ PRODUCTS LTD | 30.71 | 22.54 | 692.4 |
KIC METALIKS LTD | 5.73 | 32.94 | 188.9 |
BIHAR SPONGE IRON LTD | 7.26 | 17.57 | 127.6 |
VASWANI INDUSTRIES LTD | 7.08 | 16.18 | 114.6 |
Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PE Analysis vs SAL STEEL 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -67.53x |
Max industry PE | 32.94x |
Median industry PE | 17.57x |
Average industry PE | 7.40x |
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