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JK TYRE & INDUSTRIES
PS (Price/Sales) Ratio

The Current P/S Ratio of JK TYRE & INDUSTRIES is 0.72.

Share Price ₹414.2Apr 25,2024
Market Cap ₹10,796.9 Cr
Sales-TTM₹14,935.8 CrTTM-Consolidated Results
Price/Sales0.72xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of JK TYRE & INDUSTRIES

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 JK TYRE & INDUSTRIES is calculated as :

Current Market Cap [ ₹10,796.9 Cr] as on Apr 25,2024

(/) Sales [ ₹14,935.8 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 0.72x ]

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

Thus, for JK TYRE & INDUSTRIES , the investors are currently willing to pay '0.72 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 JK TYRE & INDUSTRIES !

The chart below summarizes the trend in P/S Ratio of JK TYRE & INDUSTRIES over the last five years.

Historical PS (Price/Sales) ratio chart of JK TYRE & INDUSTRIES


PS Ratio Performance Analysis for JK TYRE & INDUSTRIES

- JK TYRE & INDUSTRIES 's latest p/e ratio is 0.72x.

- JK TYRE & INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.23x.

- JK TYRE & INDUSTRIES 's operated at median p/e ratio of 0.24x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JK TYRE & INDUSTRIES 's p/e ratio peaked in Mar2021 at 0.29x.

- JK TYRE & INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 0.12x.


How does JK TYRE & INDUSTRIES 's P/S Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Sales (Cr)PS RatioMarket Cap (Cr)
JK TYRE & INDUSTRIES 14,935.80.7210,796.9
MRF LTD24,661.62.2354,965.2
BALKRISHNA INDUSTRIES LTD9,004.05.1346,203.8
APOLLO TYRES LTD25,366.81.2531,643.9
CEAT LTD11,826.50.8710,299.8
TVS SRICHAKRA LTD2,843.61.103,124.9
GOODYEAR INDIA LTD2,653.81.022,693.8

Tyres & Allied Industry Benchmark (Top 10) PS Analysis vs JK TYRE & INDUSTRIES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.72x
Max industry PS 5.13x
Median industry PS 1.10x
Average industry PS 1.76x



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