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CONFIDENCE FUTURISTIC ENERGETECH
PS (Price/Sales) Ratio

The Current P/S Ratio of CONFIDENCE FUTURISTIC ENERGETECH is 1.77.

Share Price ₹107.8May 02,2024
Market Cap ₹269.4 Cr
Sales-TTM₹152.2 CrTTM-Consolidated Results
Price/Sales1.77xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of CONFIDENCE FUTURISTIC ENERGETECH

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 CONFIDENCE FUTURISTIC ENERGETECH is calculated as :

Current Market Cap [ ₹269.4 Cr] as on May 02,2024

(/) Sales [ ₹152.2 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 1.77x ]

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

Thus, for CONFIDENCE FUTURISTIC ENERGETECH , the investors are currently willing to pay '1.77 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 CONFIDENCE FUTURISTIC ENERGETECH !

The chart below summarizes the trend in P/S Ratio of CONFIDENCE FUTURISTIC ENERGETECH over the last five years.

Historical PS (Price/Sales) ratio chart of CONFIDENCE FUTURISTIC ENERGETECH


PS Ratio Performance Analysis for CONFIDENCE FUTURISTIC ENERGETECH

- CONFIDENCE FUTURISTIC ENERGETECH 's latest p/e ratio is 1.77x.

- CONFIDENCE FUTURISTIC ENERGETECH 's p/e ratio for fiscal years ending Mar2023 to Mar2021 averaged 3.17x.

- CONFIDENCE FUTURISTIC ENERGETECH 's operated at median p/e ratio of 2.64x from fiscal years ending March 2018 to 2022.

- Looking back at the last 3 fiscal years, CONFIDENCE FUTURISTIC ENERGETECH 's p/e ratio peaked in Mar2021 at 4.76x.

- CONFIDENCE FUTURISTIC ENERGETECH 's p/e ratio hit its five-year low in Mar2023 of 2.11x.


How does CONFIDENCE FUTURISTIC ENERGETECH 's P/S Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?

Peer Comparison (Gas Transmission/Marketing Industry)Sales (Cr)PS RatioMarket Cap (Cr)
CONFIDENCE FUTURISTIC ENERGETECH 152.21.77269.4
ADANI TOTAL GAS LTD4,816.521.28102,497.0
GUJARAT GAS LTD16,072.92.3036,987.2
INDRAPRASTHA GAS LTD15,572.22.0832,445.0
GUJARAT STATE PETRONET LTD17,621.10.9416,601.9
MAHANAGAR GAS LTD6,914.72.0814,380.1

Gas Transmission/Marketing Industry Benchmark (Top 10) PS Analysis vs CONFIDENCE FUTURISTIC ENERGETECH 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.94x
Max industry PS 21.28x
Median industry PS 2.08x
Average industry PS 5.08x



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