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MAHANAGAR GAS
PS (Price/Sales) Ratio

The Current P/S Ratio of MAHANAGAR GAS is 1.22.

Share Price ₹1,108.3Feb 13,2026
Market Cap ₹10,950.0 Cr
Sales-TTM₹8,958.8 CrTTM-Consolidated Results
Price/Sales1.22xCalculated 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 [ ₹10,950.0 Cr] as on Feb 13,2026

(/) Sales [ ₹8,958.8 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 1.22x ]

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 '1.22 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 1.22x.

- MAHANAGAR GAS 's p/e ratio for fiscal years ending Mar2025 to Mar2023 averaged 1.86x.

- MAHANAGAR GAS 's operated at median p/e ratio of 1.89x from fiscal years ending March 2018 to 2022.

- Looking back at the last 3 fiscal years, MAHANAGAR GAS 's p/e ratio peaked in Mar2024 at 2.14x.

- 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 8,958.81.2210,950.0
ADANI TOTAL GAS LTD6,167.39.2757,201.1
GUJARAT GAS LTD16,198.41.8029,204.9
INDRAPRASTHA GAS LTD17,602.51.3223,310.0
GUJARAT STATE PETRONET LTD17,077.01.0217,479.3
CONFIDENCE FUTURISTIC ENERGETECH LTD170.30.5288.7

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

Top 10 Industry PeersPS Ratio
Min industry PS 0.52x
Max industry PS 9.27x
Median industry PS 1.32x
Average industry PS 2.53x



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