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THYROCARE TECHNOLOGIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of THYROCARE TECHNOLOGIES is 52.67.

Share Price ₹634.9Apr 19,2024
Market Cap ₹3,364.7 Cr
Earnings-TTM₹63.9 CrTTM-Consolidated Results
Price/Earnings52.67xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of THYROCARE TECHNOLOGIES

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 THYROCARE TECHNOLOGIES is calculated as :

Current Market Cap [ ₹3,364.7 Cr] as on Apr 19,2024

(/) Earnings [ ₹63.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 52.67x ]

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

Thus, for THYROCARE TECHNOLOGIES , the investors are currently willing to pay 52.67 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 THYROCARE TECHNOLOGIES !

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 THYROCARE TECHNOLOGIES over the last five years.

Historical PE (Price/Earnings) ratio chart of THYROCARE TECHNOLOGIES


PE Ratio Performance Analysis for THYROCARE TECHNOLOGIES

- THYROCARE TECHNOLOGIES 's latest p/e ratio is 52.67x.

- THYROCARE TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 32.58x.

- THYROCARE TECHNOLOGIES 's operated at median p/e ratio of 32.85x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, THYROCARE TECHNOLOGIES 's p/e ratio peaked in Mar2021 at 42.72x.

- THYROCARE TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2022 of 23.25x.


How does THYROCARE TECHNOLOGIES 's P/E Ratio benchmark against top 10 peers in Hospital & Healthcare Services Industry?

Peer Comparison (Hospital & Healthcare Services Industry)Earnings-TTM (Cr)PE RatioMarket Cap
THYROCARE TECHNOLOGIES 63.8852.673,364.7
APOLLO HOSPITALS ENTERPRISE LTD809.27109.6288,715.9
MAX HEALTHCARE INSTITUTE LTD1,057.0270.9875,026.8
GLOBAL HEALTH LTD451.7883.3537,656.8
FORTIS HEALTHCARE LTD573.4856.6932,512.3
NARAYANA HRUDAYALAYA LTD772.0832.8625,374.5
ASTER DM HEALTHCARE LTD418.6662.1426,014.6
DR LAL PATHLABS LTD333.4055.2418,417.7
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD363.3342.8915,582.6
RAINBOW CHILDRENS MEDICARE LTD221.0959.8413,228.7
METROPOLIS HEALTHCARE LTD125.4270.988,901.8

Hospital & Healthcare Services Industry Benchmark (Top 10) PE Analysis vs THYROCARE TECHNOLOGIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 32.86x
Max industry PE 109.62x
Median industry PE 59.84x
Average industry PE 63.39x



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