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SUNDRAM FASTENERS
PE (Price/Earnings) Ratio

The Current P/E Ratio of SUNDRAM FASTENERS is 42.93.

Share Price ₹1,059.9Apr 25,2024
Market Cap ₹22,268.5 Cr
Earnings-TTM₹518.7 CrTTM-Consolidated Results
Price/Earnings42.93xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SUNDRAM FASTENERS

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 SUNDRAM FASTENERS is calculated as :

Current Market Cap [ ₹22,268.5 Cr] as on Apr 25,2024

(/) Earnings [ ₹518.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 42.93x ]

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

Thus, for SUNDRAM FASTENERS , the investors are currently willing to pay 42.93 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 SUNDRAM FASTENERS !

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 SUNDRAM FASTENERS over the last five years.

Historical PE (Price/Earnings) ratio chart of SUNDRAM FASTENERS


PE Ratio Performance Analysis for SUNDRAM FASTENERS

- SUNDRAM FASTENERS 's latest p/e ratio is 42.93x.

- SUNDRAM FASTENERS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 34.91x.

- SUNDRAM FASTENERS 's operated at median p/e ratio of 41.3x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SUNDRAM FASTENERS 's p/e ratio peaked in Mar2021 at 46.85x.

- SUNDRAM FASTENERS 's p/e ratio hit its five-year low in Mar2020 of 18.84x.


How does SUNDRAM FASTENERS 's P/E Ratio benchmark against top 10 peers in Fasteners Industry?

Peer Comparison (Fasteners Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SUNDRAM FASTENERS 518.7042.9322,268.5
STERLING TOOLS LTD46.9027.391,284.6

Fasteners Industry Benchmark (Top 10) PE Analysis vs SUNDRAM FASTENERS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 27.39x
Max industry PE 42.93x
Median industry PE 42.93x
Average industry PE 35.16x



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