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THE GREAT EASTERN SHIPPING COMPANY
PE (Price/Earnings) Ratio

The Current P/E Ratio of THE GREAT EASTERN SHIPPING COMPANY is 6.27.

Share Price ₹1,068.0Apr 24,2024
Market Cap ₹15,250.3 Cr
Earnings-TTM₹2,431.0 CrTTM-Consolidated Results
Price/Earnings6.27xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of THE GREAT EASTERN SHIPPING COMPANY

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 THE GREAT EASTERN SHIPPING COMPANY is calculated as :

Current Market Cap [ ₹15,250.3 Cr] as on Apr 24,2024

(/) Earnings [ ₹2,431.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 6.27x ]

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

Thus, for THE GREAT EASTERN SHIPPING COMPANY , the investors are currently willing to pay 6.27 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 THE GREAT EASTERN SHIPPING COMPANY !

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 THE GREAT EASTERN SHIPPING COMPANY over the last five years.

Historical PE (Price/Earnings) ratio chart of THE GREAT EASTERN SHIPPING COMPANY


PE Ratio Performance Analysis for THE GREAT EASTERN SHIPPING COMPANY

- THE GREAT EASTERN SHIPPING COMPANY 's latest p/e ratio is 6.27x.

- THE GREAT EASTERN SHIPPING COMPANY 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.22x.

- THE GREAT EASTERN SHIPPING COMPANY 's operated at median p/e ratio of 5x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, THE GREAT EASTERN SHIPPING COMPANY 's p/e ratio peaked in Mar2020 at 14.7x.

- THE GREAT EASTERN SHIPPING COMPANY 's p/e ratio hit its five-year low in Mar2019 of 0x.


How does THE GREAT EASTERN SHIPPING COMPANY 's P/E Ratio benchmark against top 10 peers in Shipping Industry?

Peer Comparison (Shipping Industry)Earnings-TTM (Cr)PE RatioMarket Cap
THE GREAT EASTERN SHIPPING COMPANY 2,431.046.2715,250.3
SHIPPING CORPORATION OF INDIA LTD679.0815.1910,315.1
SEAMEC LTD63.2143.882,773.4
DREDGING CORPORATION OF INDIA LTD44.9752.472,359.4
SHREYAS SHIPPING & LOGISTICS LTD-35.35-19.03672.8
ESSAR SHIPPING LTD327.271.85606.9
GLOBAL OFFSHORE SERVICES LTD599.940.20118.4

Shipping Industry Benchmark (Top 10) PE Analysis vs THE GREAT EASTERN SHIPPING COMPANY 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -19.03x
Max industry PE 52.47x
Median industry PE 6.27x
Average industry PE 14.40x



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