TUBE INVESTMENTS OF INDIA
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The Current P/E Ratio of TUBE INVESTMENTS OF INDIA is 57.26.
Share Price | ₹3,633.7 | Apr 26,2024 |
Market Cap | ₹70,275.8 Cr | |
Earnings-TTM | ₹1,227.4 Cr | TTM-Consolidated Results |
Price/Earnings | 57.26x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TUBE INVESTMENTS OF INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹70,275.8 Cr] as on Apr 26,2024
(/) Earnings [ ₹1,227.4 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 57.26x ]
Thus, for TUBE INVESTMENTS OF INDIA , the investors are currently willing to pay 57.26 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 TUBE INVESTMENTS OF INDIA !
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 TUBE INVESTMENTS OF INDIA over the last five years.
Historical PE (Price/Earnings) ratio chart of TUBE INVESTMENTS OF INDIA
PE Ratio Performance Analysis for TUBE INVESTMENTS OF INDIA
- TUBE INVESTMENTS OF INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 44.44x.
- TUBE INVESTMENTS OF INDIA 's operated at median p/e ratio of 40.65x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TUBE INVESTMENTS OF INDIA 's p/e ratio peaked in Mar2021 at 83.47x.
- TUBE INVESTMENTS OF INDIA 's p/e ratio hit its five-year low in Mar2020 of 16.82x.
How does TUBE INVESTMENTS OF INDIA 's P/E Ratio benchmark against top 10 peers in Cycles Industry?
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