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ZF STEERING GEAR (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of ZF STEERING GEAR (INDIA) is 21.59.

Share Price ₹1,079.6Apr 25,2024
Market Cap ₹982.4 Cr
Earnings-TTM₹45.5 CrTTM-Consolidated Results
Price/Earnings21.59xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ZF STEERING GEAR (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 ZF STEERING GEAR (INDIA) is calculated as :

Current Market Cap [ ₹982.4 Cr] as on Apr 25,2024

(/) Earnings [ ₹45.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 21.59x ]

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

Thus, for ZF STEERING GEAR (INDIA) , the investors are currently willing to pay 21.59 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 ZF STEERING GEAR (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 ZF STEERING GEAR (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of ZF STEERING GEAR (INDIA)


PE Ratio Performance Analysis for ZF STEERING GEAR (INDIA)

- ZF STEERING GEAR (INDIA) 's latest p/e ratio is 21.59x.

- ZF STEERING GEAR (INDIA) 's p/e ratio for fiscal years ending Mar2023 to Mar2016 averaged 28.59x.

- ZF STEERING GEAR (INDIA) 's operated at median p/e ratio of 21.42x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ZF STEERING GEAR (INDIA) 's p/e ratio peaked in Mar2016 at 52.41x.

- ZF STEERING GEAR (INDIA) 's p/e ratio hit its five-year low in Mar2019 of 14.84x.


How does ZF STEERING GEAR (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
ZF STEERING GEAR (INDIA) 45.5021.59982.4
BOSCH LTD2,324.7036.6885,260.2
SAMVARDHANA MOTHERSON INTERNATIONAL LTD2,137.9840.3286,196.1
SONA BLW PRECISION FORGINGS LTD489.5179.9239,119.0
UNO MINDA LTD665.4461.8441,148.2
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD407.4665.1326,536.6
ENDURANCE TECHNOLOGIES LTD606.8045.3527,516.5
JBM AUTO LTD157.18136.9621,526.9
TVS HOLDINGS LTD1,761.189.7917,236.7
MINDA CORPORATION LTD279.6035.049,797.5
CRAFTSMAN AUTOMATION LTD346.3627.989,692.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 9.79x
Max industry PE 136.96x
Median industry PE 40.32x
Average industry PE 50.96x



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