TITAN BIOTECH
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The Current P/E Ratio of TITAN BIOTECH is 18.38.
Share Price | ₹519.7 | Apr 29,2024 |
Market Cap | ₹431.3 Cr | |
Earnings-TTM | ₹23.5 Cr | TTM-Consolidated Results |
Price/Earnings | 18.38x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TITAN BIOTECH
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹431.3 Cr] as on Apr 29,2024
(/) Earnings [ ₹23.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 18.38x ]
Thus, for TITAN BIOTECH , the investors are currently willing to pay 18.38 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 TITAN BIOTECH !
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 TITAN BIOTECH over the last five years.
Historical PE (Price/Earnings) ratio chart of TITAN BIOTECH
PE Ratio Performance Analysis for TITAN BIOTECH
- TITAN BIOTECH 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.43x.
- TITAN BIOTECH 's operated at median p/e ratio of 6.55x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TITAN BIOTECH 's p/e ratio peaked in Mar2019 at 10.56x.
- TITAN BIOTECH 's p/e ratio hit its five-year low in Mar2020 of 4.99x.
How does TITAN BIOTECH 's P/E Ratio benchmark against top 10 peers in Chemicals Industry?
Peer Comparison (Chemicals Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
TITAN BIOTECH | 23.46 | 18.38 | 431.3 |
PIDILITE INDUSTRIES LTD | 1,732.52 | 88.69 | 153,659.0 |
SOLAR INDUSTRIES INDIA LTD | 855.54 | 93.47 | 79,969.2 |
SRF LTD | 1,475.95 | 52.96 | 78,170.2 |
GUJARAT FLUOROCHEMICALS LTD | 665.87 | 60.25 | 40,117.8 |
DEEPAK NITRITE LTD | 790.87 | 42.13 | 33,316.1 |
TATA CHEMICALS LTD | 1,891.00 | 14.81 | 27,997.7 |
GODREJ INDUSTRIES LTD | 625.20 | 48.91 | 30,578.2 |
AARTI INDUSTRIES LTD | 434.00 | 63.05 | 27,365.4 |
ATUL LTD | 314.42 | 55.81 | 17,547.7 |
VINATI ORGANICS LTD | 359.71 | 47.33 | 17,023.4 |
Chemicals Industry Benchmark (Top 10) PE Analysis vs TITAN BIOTECH 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 14.81x |
Max industry PE | 93.47x |
Median industry PE | 52.96x |
Average industry PE | 53.25x |
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