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SAL STEEL
PE (Price/Earnings) Ratio

The Current P/E Ratio of SAL STEEL is -67.53.

Share Price ₹18.8Apr 24,2024
Market Cap ₹159.4 Cr
Earnings-TTM₹-2.4 CrTTM-Standalone Results
Price/Earnings-67.53xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SAL STEEL

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 SAL STEEL is calculated as :

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 ]

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

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 latest p/e ratio is -67.53x.

- 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 RatioMarket Cap
SAL STEEL -2.36-67.53159.4
JINDAL STEEL & POWER LTD5,475.8817.4495,521.0
LLOYDS METALS & ENERGY LTD1,235.0529.8436,848.1
JAI BALAJI INDUSTRIES LTD593.5130.0817,852.1
STEEL EXCHANGE INDIA LTD-51.47-32.501,673.1
SURAJ PRODUCTS LTD30.7122.54692.4
KIC METALIKS LTD5.7332.94188.9
BIHAR SPONGE IRON LTD7.2617.57127.6
VASWANI INDUSTRIES LTD7.0816.18114.6

Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PE Analysis vs SAL STEEL 's P/E Ratio

Top 10 Industry PeersPE 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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