SPICEJET
|
The Current P/E Ratio of SPICEJET is -8.29.
| Share Price | ₹26.8 | Jan 16,2026 |
| Market Cap | ₹4,091.5 Cr | |
| Earnings-TTM | ₹-493.5 Cr | TTM-Consolidated Results |
| Price/Earnings | -8.29x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of SPICEJET
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹4,091.5 Cr] as on Jan 16,2026
(/) Earnings [ ₹-493.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ -8.29x ]
Thus, for SPICEJET , the investors are currently willing to pay -8.29 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 SPICEJET !
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 SPICEJET over the last five years.
Historical PE (Price/Earnings) ratio chart of SPICEJET
PE Ratio Performance Analysis for SPICEJET
- SPICEJET 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 19.97x.
- SPICEJET 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SPICEJET 's p/e ratio peaked in Mar2025 at 99.84x.
- SPICEJET 's p/e ratio hit its five-year low in Mar2024 of 0x.
How does SPICEJET 's P/E Ratio benchmark against top 10 peers in Airlines Industry?
| Peer Comparison (Airlines Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| SPICEJET | -493.48 | -8.29 | 4,091.5 |
| INTERGLOBE AVIATION LTD | 5,110.50 | 35.85 | 183,194.0 |
| TAAL ENTERPRISES LTD | 51.48 | 18.41 | 947.9 |
| TANEJA AEROSPACE & AVIATION LTD | 17.92 | 36.85 | 660.5 |
| GLOBAL VECTRA HELICORP LTD | -5.96 | -42.31 | 252.0 |
Airlines Industry Benchmark (Top 10) PE Analysis vs SPICEJET 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -42.31x |
| Max industry PE | 36.85x |
| Median industry PE | 18.41x |
| Average industry PE | 8.10x |
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