JK TYRE & INDUSTRIES
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The Current P/S Ratio of JK TYRE & INDUSTRIES is 0.72.
Share Price | ₹414.2 | Apr 25,2024 |
Market Cap | ₹10,796.9 Cr | |
Sales-TTM | ₹14,935.8 Cr | TTM-Consolidated Results |
Price/Sales | 0.72x | Calculated as Market Cap/Sales |
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Explore Stock Analytics |
Definition & Calculation of PS (Price/Sales) ratio of JK TYRE & INDUSTRIES
P/S =
Market Capitalization
/
Sales
or, using per-share numbers:
P/S = Stock Price / Sales Per Share
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 ]
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 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 Ratio | Market Cap (Cr) |
---|---|---|---|
JK TYRE & INDUSTRIES | 14,935.8 | 0.72 | 10,796.9 |
MRF LTD | 24,661.6 | 2.23 | 54,965.2 |
BALKRISHNA INDUSTRIES LTD | 9,004.0 | 5.13 | 46,203.8 |
APOLLO TYRES LTD | 25,366.8 | 1.25 | 31,643.9 |
CEAT LTD | 11,826.5 | 0.87 | 10,299.8 |
TVS SRICHAKRA LTD | 2,843.6 | 1.10 | 3,124.9 |
GOODYEAR INDIA LTD | 2,653.8 | 1.02 | 2,693.8 |
Tyres & Allied Industry Benchmark (Top 10) PS Analysis vs JK TYRE & INDUSTRIES 's P/S Ratio
Top 10 Industry Peers | PS 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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