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VENUS PIPES & TUBES
PE (Price/Earnings) Ratio

The Current P/E Ratio of VENUS PIPES & TUBES is 57.46.

Share Price ₹2,105.1Apr 24,2024
Market Cap ₹4,273.3 Cr
Earnings-TTM₹74.4 CrTTM-Standalone Results
Price/Earnings57.46xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of VENUS PIPES & TUBES

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 VENUS PIPES & TUBES is calculated as :

Current Market Cap [ ₹4,273.3 Cr] as on Apr 24,2024

(/) Earnings [ ₹74.4 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 57.46x ]

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

Thus, for VENUS PIPES & TUBES , the investors are currently willing to pay 57.46 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 VENUS PIPES & TUBES !

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 VENUS PIPES & TUBES over the last five years.

Historical PE (Price/Earnings) ratio chart of VENUS PIPES & TUBES


PE Ratio Performance Analysis for VENUS PIPES & TUBES

- VENUS PIPES & TUBES 's latest p/e ratio is 57.46x.

- VENUS PIPES & TUBES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.87x.

- VENUS PIPES & TUBES '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, VENUS PIPES & TUBES 's p/e ratio peaked in Mar2023 at 34.37x.

- VENUS PIPES & TUBES 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does VENUS PIPES & TUBES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
VENUS PIPES & TUBES 74.3757.464,273.3
JSW STEEL LTD11,474.0018.82215,934.0
TATA STEEL LTD-3,899.20-52.99206,601.0
JINDAL STAINLESS LTD2,816.4121.5760,748.9
STEEL AUTHORITY OF INDIA LTD2,533.0126.8668,029.8
APL APOLLO TUBES LTD763.8257.4643,889.1
MOTHERSON SUMI WIRING INDIA LTD585.3453.5831,363.3
RATNAMANI METALS & TUBES LTD624.5633.7721,094.2
SHYAM METALICS AND ENERGY LTD1,101.7316.5918,281.7
WELSPUN CORP LTD894.1616.7714,993.5
JINDAL SAW LTD1,406.6012.1317,063.7

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs VENUS PIPES & TUBES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -52.99x
Max industry PE 57.46x
Median industry PE 21.57x
Average industry PE 23.82x



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