Home > PE Ratio > TVS SRICHAKRA

TVS SRICHAKRA
PE (Price/Earnings) Ratio

The Current P/E Ratio of TVS SRICHAKRA is 29.77.

Share Price ₹4,111.5Apr 23,2024
Market Cap ₹3,165.8 Cr
Earnings-TTM₹106.4 CrTTM-Consolidated Results
Price/Earnings29.77xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for TVS SRICHAKRA
Please provide your vote to see the results

Definition & Calculation of PE (Price/Earnings) ratio of TVS SRICHAKRA

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 TVS SRICHAKRA is calculated as :

Current Market Cap [ ₹3,165.8 Cr] as on Apr 23,2024

(/) Earnings [ ₹106.4 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 29.77x ]

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

Thus, for TVS SRICHAKRA , the investors are currently willing to pay 29.77 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 TVS SRICHAKRA !

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 TVS SRICHAKRA over the last five years.

Historical PE (Price/Earnings) ratio chart of TVS SRICHAKRA


PE Ratio Performance Analysis for TVS SRICHAKRA

- TVS SRICHAKRA 's latest p/e ratio is 29.77x.

- TVS SRICHAKRA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 19.23x.

- TVS SRICHAKRA 's operated at median p/e ratio of 18.41x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TVS SRICHAKRA 's p/e ratio peaked in Mar2022 at 28.08x.

- TVS SRICHAKRA 's p/e ratio hit its five-year low in Mar2020 of 8.29x.


How does TVS SRICHAKRA 's P/E Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TVS SRICHAKRA 106.3629.773,165.8
MRF LTD2,025.7927.0554,807.5
BALKRISHNA INDUSTRIES LTD1,244.5436.4145,307.8
APOLLO TYRES LTD1,794.8517.2130,888.1
JK TYRE & INDUSTRIES LTD749.1014.0810,543.7
CEAT LTD646.3415.8210,228.2
GOODYEAR INDIA LTD132.6720.402,706.3

Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs TVS SRICHAKRA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 14.08x
Max industry PE 36.41x
Median industry PE 20.40x
Average industry PE 22.96x



You may also like the below Video Courses