TECH MAHINDRA
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The Current P/E Ratio of TECH MAHINDRA is 48.64.
Share Price | ₹1,638.3 | Nov 04,2024 |
Market Cap | ₹160,291.3 Cr | |
Earnings-TTM | ₹3,295.8 Cr | TTM-Consolidated Results |
Price/Earnings | 48.64x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TECH MAHINDRA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹160,291.3 Cr] as on Nov 04,2024
(/) Earnings [ ₹3,295.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 48.64x ]
Thus, for TECH MAHINDRA , the investors are currently willing to pay 48.64 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 TECH MAHINDRA !
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 TECH MAHINDRA over the last five years.
Historical PE (Price/Earnings) ratio chart of TECH MAHINDRA
PE Ratio Performance Analysis for TECH MAHINDRA
- TECH MAHINDRA 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 24.46x.
- TECH MAHINDRA 's operated at median p/e ratio of 20.07x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TECH MAHINDRA 's p/e ratio peaked in Mar2024 at 46.81x.
- TECH MAHINDRA 's p/e ratio hit its five-year low in Mar2020 of 12.21x.
How does TECH MAHINDRA 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
TECH MAHINDRA | 3,295.80 | 48.64 | 160,291.3 |
TATA CONSULTANCY SERVICES LTD | 47,659.00 | 30.08 | 1,433,630.0 |
INFOSYS LTD | 26,978.00 | 27.16 | 732,815.0 |
HCL TECHNOLOGIES LTD | 16,842.00 | 28.41 | 478,514.0 |
WIPRO LTD | 11,846.80 | 23.86 | 282,717.0 |
LTIMINDTREE LTD | 4,656.70 | 36.48 | 169,890.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,495.33 | 37.72 | 94,126.7 |
PERSISTENT SYSTEMS LTD | 1,232.87 | 66.97 | 82,570.8 |
L&T TECHNOLOGY SERVICES LTD | 1,312.10 | 39.99 | 52,477.2 |
TATA ELXSI LTD | 816.88 | 53.63 | 43,812.3 |
MPHASIS LTD | 1,594.66 | 34.07 | 54,336.6 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs TECH MAHINDRA 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 23.86x |
Max industry PE | 66.97x |
Median industry PE | 36.48x |
Average industry PE | 38.82x |
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