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STEEL EXCHANGE INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of STEEL EXCHANGE INDIA is -31.86.

Share Price ₹13.8Mar 28,2024
Market Cap ₹1,639.9 Cr
Earnings-TTM₹-51.5 CrTTM-Standalone Results
Price/Earnings-31.86xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of STEEL EXCHANGE INDIA

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 STEEL EXCHANGE INDIA is calculated as :

Current Market Cap [ ₹1,639.9 Cr] as on Mar 28,2024

(/) Earnings [ ₹-51.5 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ -31.86x ]

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

Thus, for STEEL EXCHANGE INDIA , the investors are currently willing to pay -31.86 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 STEEL EXCHANGE INDIA !

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 STEEL EXCHANGE INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of STEEL EXCHANGE INDIA


PE Ratio Performance Analysis for STEEL EXCHANGE INDIA

- STEEL EXCHANGE INDIA 's latest p/e ratio is -31.86x.

- STEEL EXCHANGE INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.46x.

- STEEL EXCHANGE INDIA 's operated at median p/e ratio of 0.15x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, STEEL EXCHANGE INDIA 's p/e ratio peaked in Mar2022 at 1.81x.

- STEEL EXCHANGE INDIA 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does STEEL EXCHANGE INDIA '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
STEEL EXCHANGE INDIA -51.47-31.861,639.9
JINDAL STEEL & POWER LTD5,475.8815.8286,651.4
LLOYDS METALS & ENERGY LTD1,235.0524.6730,464.3
JAI BALAJI INDUSTRIES LTD593.5125.5115,142.6
SURAJ PRODUCTS LTD30.7115.05462.2
SAL STEEL LTD-2.36-74.56176.0
KIC METALIKS LTD5.7326.04149.3
BIHAR SPONGE IRON LTD7.2616.94123.0
VASWANI INDUSTRIES LTD7.0813.2493.7

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

Top 10 Industry PeersPE Ratio
Min industry PE -74.56x
Max industry PE 26.04x
Median industry PE 15.82x
Average industry PE 3.43x



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