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STYRENIX PERFORMANCE MATERIALS
PE (Price/Earnings) Ratio

The Current P/E Ratio of STYRENIX PERFORMANCE MATERIALS is 17.21.

Share Price ₹1,693.7May 14,2024
Market Cap ₹2,980.9 Cr
Earnings-TTM₹173.2 CrTTM-Standalone Results
Price/Earnings17.21xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of STYRENIX PERFORMANCE MATERIALS

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 STYRENIX PERFORMANCE MATERIALS is calculated as :

Current Market Cap [ ₹2,980.9 Cr] as on May 14,2024

(/) Earnings [ ₹173.2 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 17.21x ]

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

Thus, for STYRENIX PERFORMANCE MATERIALS , the investors are currently willing to pay 17.21 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 STYRENIX PERFORMANCE MATERIALS !

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 STYRENIX PERFORMANCE MATERIALS over the last five years.

Historical PE (Price/Earnings) ratio chart of STYRENIX PERFORMANCE MATERIALS


PE Ratio Performance Analysis for STYRENIX PERFORMANCE MATERIALS

- STYRENIX PERFORMANCE MATERIALS 's latest p/e ratio is 17.21x.

- STYRENIX PERFORMANCE MATERIALS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.61x.

- STYRENIX PERFORMANCE MATERIALS 's operated at median p/e ratio of 5.31x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, STYRENIX PERFORMANCE MATERIALS 's p/e ratio peaked in Mar2023 at 6.86x.

- STYRENIX PERFORMANCE MATERIALS 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does STYRENIX PERFORMANCE MATERIALS 's P/E Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
STYRENIX PERFORMANCE MATERIALS 173.1617.212,980.9
PIDILITE INDUSTRIES LTD1,751.4786.63151,723.0
SOLAR INDUSTRIES INDIA LTD855.5491.0277,868.0
SRF LTD1,335.7150.7367,762.7
GUJARAT FLUOROCHEMICALS LTD434.9582.2535,773.8
DEEPAK NITRITE LTD790.8742.5333,637.9
TATA CHEMICALS LTD381.0071.2727,154.5
GODREJ INDUSTRIES LTD625.2043.2227,022.8
AARTI INDUSTRIES LTD417.0056.7723,673.3
ATUL LTD314.4255.6217,488.3
VINATI ORGANICS LTD359.7145.3216,303.5

Chemicals Industry Benchmark (Top 10) PE Analysis vs STYRENIX PERFORMANCE MATERIALS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 17.21x
Max industry PE 91.02x
Median industry PE 55.62x
Average industry PE 58.42x



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