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GOODYEAR INDIA
PS (Price/Sales) Ratio

The Current P/S Ratio of GOODYEAR INDIA is 1.02.

Share Price ₹1,173.3Apr 23,2024
Market Cap ₹2,710.2 Cr
Sales-TTM₹2,653.8 CrTTM-Standalone Results
Price/Sales1.02xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of GOODYEAR INDIA

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 GOODYEAR INDIA is calculated as :

Current Market Cap [ ₹2,710.2 Cr] as on Apr 23,2024

(/) Sales [ ₹2,653.8 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 1.02x ]

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

Thus, for GOODYEAR INDIA , the investors are currently willing to pay '1.02 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 GOODYEAR INDIA !

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

Historical PS (Price/Sales) ratio chart of GOODYEAR INDIA


PS Ratio Performance Analysis for GOODYEAR INDIA

- GOODYEAR INDIA 's latest p/e ratio is 1.02x.

- GOODYEAR INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.95x.

- GOODYEAR INDIA 's operated at median p/e ratio of 0.84x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GOODYEAR INDIA 's p/e ratio peaked in Mar2021 at 1.15x.

- GOODYEAR INDIA 's p/e ratio hit its five-year low in Mar2020 of 0.8x.


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

Peer Comparison (Tyres & Allied Industry)Sales (Cr)PS RatioMarket Cap (Cr)
GOODYEAR INDIA 2,653.81.022,710.2
MRF LTD24,661.62.2254,807.5
BALKRISHNA INDUSTRIES LTD9,004.05.0345,307.8
APOLLO TYRES LTD25,366.81.2230,888.1
JK TYRE & INDUSTRIES LTD14,935.80.7110,543.7
CEAT LTD11,826.50.8610,228.2
TVS SRICHAKRA LTD2,843.61.113,148.2

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

Top 10 Industry PeersPS Ratio
Min industry PS 0.71x
Max industry PS 5.03x
Median industry PS 1.11x
Average industry PS 1.74x



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