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WIPRO
PE (Price/Earnings) Ratio

The Current P/E Ratio of WIPRO is 21.63.

Share Price ₹461.0Apr 25,2024
Market Cap ₹240,890.9 Cr
Earnings-TTM₹11,135.4 CrTTM-Consolidated Results
Price/Earnings21.63xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of WIPRO

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 WIPRO is calculated as :

Current Market Cap [ ₹240,890.9 Cr] as on Apr 25,2024

(/) Earnings [ ₹11,135.4 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 21.63x ]

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

Thus, for WIPRO , the investors are currently willing to pay 21.63 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 WIPRO !

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 WIPRO over the last five years.

Historical PE (Price/Earnings) ratio chart of WIPRO


PE Ratio Performance Analysis for WIPRO

- WIPRO 's latest p/e ratio is 21.63x.

- WIPRO 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 18.77x.

- WIPRO 's operated at median p/e ratio of 17.66x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, WIPRO 's p/e ratio peaked in Mar2022 at 26.54x.

- WIPRO 's p/e ratio hit its five-year low in Mar2020 of 11.55x.


How does WIPRO 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Earnings-TTM (Cr)PE RatioMarket Cap
WIPRO 11,135.4021.63240,890.9
TATA CONSULTANCY SERVICES LTD46,099.0030.231,393,630.0
INFOSYS LTD26,248.0022.75597,061.0
HCL TECHNOLOGIES LTD15,696.0026.00408,040.0
LTIMINDTREE LTD4,584.6029.95137,315.0
TECH MAHINDRA LTD2,386.3048.72116,249.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,219.3627.8861,875.7
PERSISTENT SYSTEMS LTD1,093.4948.3352,843.0
L&T TECHNOLOGY SERVICES LTD1,306.2041.9554,793.0
TATA ELXSI LTD792.2455.7644,177.4
MPHASIS LTD1,566.9126.9442,208.5

IT - Software Industry Benchmark (Top 10) PE Analysis vs WIPRO 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 21.63x
Max industry PE 55.76x
Median industry PE 29.95x
Average industry PE 34.56x



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