THYROCARE TECHNOLOGIES
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The Current P/E Ratio of THYROCARE TECHNOLOGIES is 52.67.
Share Price | ₹634.9 | Apr 19,2024 |
Market Cap | ₹3,364.7 Cr | |
Earnings-TTM | ₹63.9 Cr | TTM-Consolidated Results |
Price/Earnings | 52.67x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of THYROCARE TECHNOLOGIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
THYROCARE TECHNOLOGIES | 63.88 | 52.67 | 3,364.7 |
APOLLO HOSPITALS ENTERPRISE LTD | 809.27 | 109.62 | 88,715.9 |
MAX HEALTHCARE INSTITUTE LTD | 1,057.02 | 70.98 | 75,026.8 |
GLOBAL HEALTH LTD | 451.78 | 83.35 | 37,656.8 |
FORTIS HEALTHCARE LTD | 573.48 | 56.69 | 32,512.3 |
NARAYANA HRUDAYALAYA LTD | 772.08 | 32.86 | 25,374.5 |
ASTER DM HEALTHCARE LTD | 418.66 | 62.14 | 26,014.6 |
DR LAL PATHLABS LTD | 333.40 | 55.24 | 18,417.7 |
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD | 363.33 | 42.89 | 15,582.6 |
RAINBOW CHILDRENS MEDICARE LTD | 221.09 | 59.84 | 13,228.7 |
METROPOLIS HEALTHCARE LTD | 125.42 | 70.98 | 8,901.8 |
Hospital & Healthcare Services Industry Benchmark (Top 10) PE Analysis vs THYROCARE TECHNOLOGIES 's P/E Ratio
Top 10 Industry Peers | PE 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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