SCAN STEELS
|
The Current P/E Ratio of SCAN STEELS is 31.52.
| Share Price | ₹72.0 | Apr 30,2024 |
| Market Cap | ₹377.3 Cr | |
| Earnings-TTM | ₹12.0 Cr | TTM-Standalone Results |
| Price/Earnings | 31.52x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of SCAN STEELS
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 [ ₹377.3 Cr] as on Apr 30,2024
(/) Earnings [ ₹12.0 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 31.52x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for SCAN STEELS , the investors are currently willing to pay 31.52 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 SCAN STEELS !
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 SCAN STEELS over the last five years.
Thus, for SCAN STEELS , the investors are currently willing to pay 31.52 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 SCAN STEELS !
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 SCAN STEELS over the last five years.
Historical PE (Price/Earnings) ratio chart of SCAN STEELS
PE Ratio Performance Analysis for SCAN STEELS
- SCAN STEELS 's latest p/e ratio is 31.52x.
- SCAN STEELS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 61.68x.
- SCAN STEELS 's operated at median p/e ratio of 9.46x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SCAN STEELS 's p/e ratio peaked in Mar2020 at 262.58x.
- SCAN STEELS 's p/e ratio hit its five-year low in Mar2021 of 3.11x.
- SCAN STEELS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 61.68x.
- SCAN STEELS 's operated at median p/e ratio of 9.46x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SCAN STEELS 's p/e ratio peaked in Mar2020 at 262.58x.
- SCAN STEELS 's p/e ratio hit its five-year low in Mar2021 of 3.11x.
How does SCAN STEELS 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?
| Peer Comparison (Steel & Iron Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| SCAN STEELS | 11.97 | 31.52 | 377.3 |
| JSW STEEL LTD | 11,474.00 | 18.81 | 215,836.0 |
| TATA STEEL LTD | -3,899.20 | -52.81 | 205,915.0 |
| JINDAL STAINLESS LTD | 2,816.41 | 20.67 | 58,208.6 |
| STEEL AUTHORITY OF INDIA LTD | 2,533.01 | 26.78 | 67,843.9 |
| APL APOLLO TUBES LTD | 763.82 | 56.60 | 43,230.0 |
| MOTHERSON SUMI WIRING INDIA LTD | 585.34 | 52.19 | 30,549.9 |
| RATNAMANI METALS & TUBES LTD | 624.56 | 35.38 | 22,099.0 |
| SHYAM METALICS AND ENERGY LTD | 1,101.73 | 15.94 | 17,565.8 |
| WELSPUN CORP LTD | 894.16 | 16.51 | 14,764.5 |
| JINDAL SAW LTD | 1,406.60 | 12.62 | 17,746.3 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs SCAN STEELS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -52.81x |
| Max industry PE | 56.60x |
| Median industry PE | 20.67x |
| Average industry PE | 21.29x |
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