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WHEELS INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of WHEELS INDIA is 40.38.

Share Price ₹599.3Apr 24,2024
Market Cap ₹1,462.3 Cr
Earnings-TTM₹36.2 CrTTM-Consolidated Results
Price/Earnings40.38xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of WHEELS INDIA

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 WHEELS INDIA is calculated as :

Current Market Cap [ ₹1,462.3 Cr] as on Apr 24,2024

(/) Earnings [ ₹36.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 40.38x ]

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

Thus, for WHEELS INDIA , the investors are currently willing to pay 40.38 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 WHEELS 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 WHEELS INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of WHEELS INDIA


PE Ratio Performance Analysis for WHEELS INDIA

- WHEELS INDIA 's latest p/e ratio is 40.38x.

- WHEELS INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 135.63x.

- WHEELS INDIA 's operated at median p/e ratio of 18.72x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, WHEELS INDIA 's p/e ratio peaked in Mar2021 at 599.62x.

- WHEELS INDIA 's p/e ratio hit its five-year low in Mar2020 of 15.25x.


How does WHEELS INDIA 's P/E Ratio benchmark against top 10 peers in Auto Ancillary Industry?

Peer Comparison (Auto Ancillary Industry)Earnings-TTM (Cr)PE RatioMarket Cap
WHEELS INDIA 36.2140.381,462.3
BOSCH LTD2,324.7036.6285,136.9
SAMVARDHANA MOTHERSON INTERNATIONAL LTD2,137.9840.1985,925.0
SONA BLW PRECISION FORGINGS LTD489.5179.8739,095.5
UNO MINDA LTD665.4462.2541,420.9
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD407.4664.7426,376.7
ENDURANCE TECHNOLOGIES LTD606.8044.7627,159.9
JBM AUTO LTD157.18137.1621,558.8
TVS HOLDINGS LTD1,761.189.6316,964.9
MINDA CORPORATION LTD279.6035.439,906.3
CRAFTSMAN AUTOMATION LTD346.3628.089,724.9

Auto Ancillary Industry Benchmark (Top 10) PE Analysis vs WHEELS INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.63x
Max industry PE 137.16x
Median industry PE 40.38x
Average industry PE 52.65x



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