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SOMI CONVEYOR BELTINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of SOMI CONVEYOR BELTINGS is 37.68.

Share Price ₹148.5Apr 26,2024
Market Cap ₹175.2 Cr
Earnings-TTM₹4.7 CrTTM-Standalone Results
Price/Earnings37.68xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SOMI CONVEYOR BELTINGS

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 SOMI CONVEYOR BELTINGS is calculated as :

Current Market Cap [ ₹175.2 Cr] as on Apr 26,2024

(/) Earnings [ ₹4.7 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 37.68x ]

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

Thus, for SOMI CONVEYOR BELTINGS , the investors are currently willing to pay 37.68 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 SOMI CONVEYOR BELTINGS !

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 SOMI CONVEYOR BELTINGS over the last five years.

Historical PE (Price/Earnings) ratio chart of SOMI CONVEYOR BELTINGS


PE Ratio Performance Analysis for SOMI CONVEYOR BELTINGS

- SOMI CONVEYOR BELTINGS 's latest p/e ratio is 37.68x.

- SOMI CONVEYOR BELTINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 15.97x.

- SOMI CONVEYOR BELTINGS 's operated at median p/e ratio of 18.74x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SOMI CONVEYOR BELTINGS 's p/e ratio peaked in Mar2022 at 22.76x.

- SOMI CONVEYOR BELTINGS 's p/e ratio hit its five-year low in Mar2020 of 5.1x.


How does SOMI CONVEYOR BELTINGS 's P/E Ratio benchmark against top 10 peers in Rubber Products Industry?

Peer Comparison (Rubber Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SOMI CONVEYOR BELTINGS 4.6537.68175.2
APCOTEX INDUSTRIES LTD61.7737.512,317.0
PIX TRANSMISSIONS LTD77.6624.401,894.8
GRP LTD13.7264.02878.2
RUBFILA INTERNATIONAL LTD24.2016.61402.0
INDAG RUBBER LTD20.0019.51390.2
CAPTAIN PIPES LTD4.1874.01309.0
DOLFIN RUBBERS LTD4.2550.86216.2

Rubber Products Industry Benchmark (Top 10) PE Analysis vs SOMI CONVEYOR BELTINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 16.61x
Max industry PE 74.01x
Median industry PE 37.68x
Average industry PE 40.57x



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