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ASIAN PAINTS
PS (Price/Sales) Ratio

The Current P/S Ratio of ASIAN PAINTS is 7.72.

Share Price ₹2,861.6Apr 25,2024
Market Cap ₹274,479.9 Cr
Sales-TTM₹35,551.3 CrTTM-Consolidated Results
Price/Sales7.72xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of ASIAN PAINTS

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 PAINTS is calculated as :

Current Market Cap [ ₹274,479.9 Cr] as on Apr 25,2024

(/) Sales [ ₹35,551.3 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 7.72x ]

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

Thus, for ASIAN PAINTS , the investors are currently willing to pay '7.72 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 PAINTS !

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

Historical PS (Price/Sales) ratio chart of ASIAN PAINTS


PS Ratio Performance Analysis for ASIAN PAINTS

- ASIAN PAINTS 's latest p/e ratio is 7.72x.

- ASIAN PAINTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.87x.

- ASIAN PAINTS 's operated at median p/e ratio of 7.89x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASIAN PAINTS 's p/e ratio peaked in Mar2021 at 11.21x.

- ASIAN PAINTS 's p/e ratio hit its five-year low in Mar2019 of 7.4x.


How does ASIAN PAINTS 's P/S Ratio benchmark against top 10 peers in Paints Industry?

Peer Comparison (Paints Industry)Sales (Cr)PS RatioMarket Cap (Cr)
ASIAN PAINTS 35,551.37.72274,479.9
BERGER PAINTS INDIA LTD11,122.35.3058,942.6
KANSAI NEROLAC PAINTS LTD7,765.62.9022,529.5
AKZO NOBEL INDIA LTD3,939.62.8311,130.7
INDIGO PAINTS LTD1,214.25.176,282.6
SHALIMAR PAINTS LTD526.52.661,402.6

Paints Industry Benchmark (Top 10) PS Analysis vs ASIAN PAINTS 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 2.66x
Max industry PS 7.72x
Median industry PS 5.17x
Average industry PS 4.43x



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