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TASTY BITE EATABLES
PE (Price/Earnings) Ratio

The Current P/E Ratio of TASTY BITE EATABLES is 61.54.

Share Price ₹11,385.2Apr 19,2024
Market Cap ₹2,960.2 Cr
Earnings-TTM₹48.1 CrTTM-Standalone Results
Price/Earnings61.54xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TASTY BITE EATABLES

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 TASTY BITE EATABLES is calculated as :

Current Market Cap [ ₹2,960.2 Cr] as on Apr 19,2024

(/) Earnings [ ₹48.1 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 61.54x ]

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

Thus, for TASTY BITE EATABLES , the investors are currently willing to pay 61.54 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 TASTY BITE EATABLES !

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 TASTY BITE EATABLES over the last five years.

Historical PE (Price/Earnings) ratio chart of TASTY BITE EATABLES


PE Ratio Performance Analysis for TASTY BITE EATABLES

- TASTY BITE EATABLES 's latest p/e ratio is 61.54x.

- TASTY BITE EATABLES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 111.97x.

- TASTY BITE EATABLES 's operated at median p/e ratio of 71.34x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TASTY BITE EATABLES 's p/e ratio peaked in Mar2022 at 269.93x.

- TASTY BITE EATABLES 's p/e ratio hit its five-year low in Mar2020 of 56.52x.


How does TASTY BITE EATABLES 's P/E Ratio benchmark against top 10 peers in Consumer Food Industry?

Peer Comparison (Consumer Food Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TASTY BITE EATABLES 48.1061.542,960.2
NESTLE INDIA LTD2,998.6778.36234,975.0
VARUN BEVERAGES LTD2,102.2986.26181,345.0
BRITANNIA INDUSTRIES LTD2,150.5752.28112,440.0
MARICO LTD1,487.0043.9565,358.6
JUBILANT FOODWORKS LTD241.72118.9328,746.2
HATSUN AGRO PRODUCT LTD240.1292.6522,248.1
DEVYANI INTERNATIONAL LTD99.17195.1519,354.0
BIKAJI FOODS INTERNATIONAL LTD185.4770.3113,039.9
SAPPHIRE FOODS INDIA LTD185.4050.789,415.2
GODREJ AGROVET LTD265.6839.5410,505.3

Consumer Food Industry Benchmark (Top 10) PE Analysis vs TASTY BITE EATABLES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 39.54x
Max industry PE 195.15x
Median industry PE 70.31x
Average industry PE 80.89x



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