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MAHANAGAR GAS
PS (Price/Sales) Ratio

The Current P/S Ratio of MAHANAGAR GAS is 2.03.

Share Price ₹1,422.6Apr 24,2024
Market Cap ₹14,055.3 Cr
Sales-TTM₹6,914.7 CrTTM-Standalone Results
Price/Sales2.03xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of MAHANAGAR GAS

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 MAHANAGAR GAS is calculated as :

Current Market Cap [ ₹14,055.3 Cr] as on Apr 24,2024

(/) Sales [ ₹6,914.7 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 2.03x ]

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

Thus, for MAHANAGAR GAS , the investors are currently willing to pay '2.03 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 MAHANAGAR GAS !

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

Historical PS (Price/Sales) ratio chart of MAHANAGAR GAS


PS Ratio Performance Analysis for MAHANAGAR GAS

- MAHANAGAR GAS 's latest p/e ratio is 2.03x.

- MAHANAGAR GAS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.10x.

- MAHANAGAR GAS 's operated at median p/e ratio of 2.72x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MAHANAGAR GAS 's p/e ratio peaked in Mar2021 at 5.36x.

- MAHANAGAR GAS 's p/e ratio hit its five-year low in Mar2023 of 1.54x.


How does MAHANAGAR GAS '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)
MAHANAGAR GAS 6,914.72.0314,055.3
ADANI TOTAL GAS LTD4,755.421.24101,001.0
GUJARAT GAS LTD16,072.92.3337,431.2
INDRAPRASTHA GAS LTD15,572.22.0431,710.0
GUJARAT STATE PETRONET LTD17,621.10.9516,692.2
CONFIDENCE FUTURISTIC ENERGETECH LTD152.21.88286.7

Gas Transmission/Marketing Industry Benchmark (Top 10) PS Analysis vs MAHANAGAR GAS 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.95x
Max industry PS 21.24x
Median industry PS 2.04x
Average industry PS 5.08x



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