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STEEL STRIPS WHEELS
PE (Price/Earnings) Ratio

The Current P/E Ratio of STEEL STRIPS WHEELS is 17.22.

Share Price ₹227.0Apr 26,2024
Market Cap ₹3,560.8 Cr
Earnings-TTM₹206.8 CrTTM-Consolidated Results
Price/Earnings17.22xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of STEEL STRIPS WHEELS

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 STRIPS WHEELS is calculated as :

Current Market Cap [ ₹3,560.8 Cr] as on Apr 26,2024

(/) Earnings [ ₹206.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 17.22x ]

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

Thus, for STEEL STRIPS WHEELS , the investors are currently willing to pay 17.22 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 STRIPS WHEELS !

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 STRIPS WHEELS over the last five years.

Historical PE (Price/Earnings) ratio chart of STEEL STRIPS WHEELS


PE Ratio Performance Analysis for STEEL STRIPS WHEELS

- STEEL STRIPS WHEELS 's latest p/e ratio is 17.22x.

- STEEL STRIPS WHEELS 's p/e ratio for fiscal years ending Mar2023 to Mar2022 averaged 7.20x.

- STEEL STRIPS WHEELS 's operated at median p/e ratio of 11.94x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, STEEL STRIPS WHEELS 's p/e ratio peaked in Mar2023 at 11.94x.

- STEEL STRIPS WHEELS 's p/e ratio hit its five-year low in Mar2022 of 2.45x.


How does STEEL STRIPS WHEELS 's P/E Ratio benchmark against top 10 peers in Auto Ancillary Industry?

Peer Comparison (Auto Ancillary Industry)Earnings-TTM (Cr)PE RatioMarket Cap
STEEL STRIPS WHEELS 206.8517.223,560.8
BOSCH LTD2,324.7036.6385,153.6
SAMVARDHANA MOTHERSON INTERNATIONAL LTD2,137.9841.5788,872.8
SONA BLW PRECISION FORGINGS LTD489.5177.6037,987.1
UNO MINDA LTD665.4462.5341,607.5
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD407.4664.5626,304.9
ENDURANCE TECHNOLOGIES LTD606.8045.7727,770.4
JBM AUTO LTD157.18134.0521,070.5
TVS HOLDINGS LTD1,761.189.6717,038.7
MINDA CORPORATION LTD279.6034.789,725.8
CRAFTSMAN AUTOMATION LTD346.3628.599,902.6

Auto Ancillary Industry Benchmark (Top 10) PE Analysis vs STEEL STRIPS WHEELS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.67x
Max industry PE 134.05x
Median industry PE 41.57x
Average industry PE 50.27x



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