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ASIAN ENERGY SERVICES
PS (Price/Sales) Ratio

The Current P/S Ratio of ASIAN ENERGY SERVICES is 4.23.

Share Price ₹315.8May 03,2024
Market Cap ₹1,291.6 Cr
Sales-TTM₹305.1 CrTTM-Consolidated Results
Price/Sales4.23xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of ASIAN ENERGY SERVICES

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 ASIAN ENERGY SERVICES is calculated as :

Current Market Cap [ ₹1,291.6 Cr] as on May 03,2024

(/) Sales [ ₹305.1 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 4.23x ]

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

Thus, for ASIAN ENERGY SERVICES , the investors are currently willing to pay '4.23 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 ASIAN ENERGY SERVICES !

The chart below summarizes the trend in P/S Ratio of ASIAN ENERGY SERVICES over the last five years.

Historical PS (Price/Sales) ratio chart of ASIAN ENERGY SERVICES


PS Ratio Performance Analysis for ASIAN ENERGY SERVICES

- ASIAN ENERGY SERVICES 's latest p/e ratio is 4.23x.

- ASIAN ENERGY SERVICES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.83x.

- ASIAN ENERGY SERVICES 's operated at median p/e ratio of 1.5x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASIAN ENERGY SERVICES 's p/e ratio peaked in Mar2023 at 3.77x.

- ASIAN ENERGY SERVICES 's p/e ratio hit its five-year low in Mar2020 of 0.95x.


How does ASIAN ENERGY SERVICES 's P/S Ratio benchmark against top 10 peers in Oil Exploration Industry?

Peer Comparison (Oil Exploration Industry)Sales (Cr)PS RatioMarket Cap (Cr)
ASIAN ENERGY SERVICES 305.14.231,291.6
OIL & NATURAL GAS CORPORATION LTD640,333.00.56359,796.0
OIL INDIA LTD34,905.61.9668,426.0
HINDUSTAN OIL EXPLORATION COMPANY LTD634.64.262,702.4
JINDAL DRILLING & INDUSTRIES LTD522.44.162,174.5
SELAN EXPLORATION TECHNOLOGY LTD137.56.92951.6
DEEP ENERGY RESOURCES LTD22.227.56612.5
ABAN OFFSHORE LTD335.11.18394.3
GUJARAT NATURAL RESOURCES LTD22.95.83133.6
AAKASH EXPLORATION SERVICES LTD81.11.37110.9

Oil Exploration Industry Benchmark (Top 10) PS Analysis vs ASIAN ENERGY SERVICES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.56x
Max industry PS 27.56x
Median industry PS 4.23x
Average industry PS 5.80x



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