TT
|
The Current P/E Ratio of TT is -49.77.
Share Price | ₹110.0 | May 16,2024 |
Market Cap | ₹236.5 Cr | |
Earnings-TTM | ₹-4.8 Cr | TTM-Standalone Results |
Price/Earnings | -49.77x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TT
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹236.5 Cr] as on May 16,2024
(/) Earnings [ ₹-4.8 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ -49.77x ]
Thus, for TT , the investors are currently willing to pay -49.77 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 TT !
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 TT over the last five years.
Historical PE (Price/Earnings) ratio chart of TT
PE Ratio Performance Analysis for TT
- TT 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 159.79x.
- TT 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TT 's p/e ratio peaked in Mar2019 at 783.91x.
- TT 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does TT 's P/E Ratio benchmark against top 10 peers in Textile Industry?
Peer Comparison (Textile Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
TT | -4.75 | -49.77 | 236.5 |
PAGE INDUSTRIES LTD | 539.34 | 73.52 | 39,654.3 |
KPR MILL LTD | 805.35 | 35.23 | 28,370.6 |
VEDANT FASHIONS LTD | 414.17 | 61.09 | 25,303.7 |
SWAN ENERGY LTD | 646.46 | 28.25 | 18,263.6 |
WELSPUN LIVING LTD | 672.63 | 20.83 | 14,013.5 |
ALOK INDUSTRIES LTD | -845.86 | -15.77 | 13,336.6 |
VARDHMAN TEXTILES LTD | 594.05 | 22.51 | 13,374.3 |
ARVIND LTD | 352.71 | 28.14 | 9,925.0 |
GARWARE TECHNICAL FIBRES LTD | 198.37 | 32.63 | 6,472.4 |
JINDAL WORLDWIDE LTD | 74.01 | 95.08 | 7,036.3 |
Textile Industry Benchmark (Top 10) PE Analysis vs TT 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -49.77x |
Max industry PE | 95.08x |
Median industry PE | 28.25x |
Average industry PE | 30.16x |
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