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APOLLO TYRES
PS (Price/Sales) Ratio

The Current P/S Ratio of APOLLO TYRES is 1.22.

Share Price ₹486.7Apr 24,2024
Market Cap ₹30,910.3 Cr
Sales-TTM₹25,366.8 CrTTM-Consolidated Results
Price/Sales1.22xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of APOLLO TYRES

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of APOLLO TYRES is calculated as :

Current Market Cap [ ₹30,910.3 Cr] as on Apr 24,2024

(/) Sales [ ₹25,366.8 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 1.22x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for APOLLO TYRES , the investors are currently willing to pay '1.22 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of APOLLO TYRES !

The chart below summarizes the trend in P/S Ratio of APOLLO TYRES over the last five years.

Historical PS (Price/Sales) ratio chart of APOLLO TYRES


PS Ratio Performance Analysis for APOLLO TYRES

- APOLLO TYRES 's latest p/e ratio is 1.22x.

- APOLLO TYRES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.65x.

- APOLLO TYRES 's operated at median p/e ratio of 0.72x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, APOLLO TYRES 's p/e ratio peaked in Mar2023 at 0.83x.

- APOLLO TYRES 's p/e ratio hit its five-year low in Mar2020 of 0.28x.


How does APOLLO TYRES 's P/S Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Sales (Cr)PS RatioMarket Cap (Cr)
APOLLO TYRES 25,366.81.2230,910.3
MRF LTD24,661.62.2154,505.5
BALKRISHNA INDUSTRIES LTD9,004.05.0145,127.0
JK TYRE & INDUSTRIES LTD14,935.80.7110,603.6
CEAT LTD11,826.50.8710,234.7
TVS SRICHAKRA LTD2,843.61.113,161.9
GOODYEAR INDIA LTD2,653.81.022,704.6

Tyres & Allied Industry Benchmark (Top 10) PS Analysis vs APOLLO TYRES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.71x
Max industry PS 5.01x
Median industry PS 1.11x
Average industry PS 1.74x



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