Home > PS Ratio > NIPPON LIFE INDIA ASSET MANAGEMENT

NIPPON LIFE INDIA ASSET MANAGEMENT
PS (Price/Sales) Ratio

The Current P/S Ratio of NIPPON LIFE INDIA ASSET MANAGEMENT is 23.26.

Share Price ₹562.0Apr 19,2024
Market Cap ₹35,434.1 Cr
Sales-TTM₹1,523.3 CrTTM-Consolidated Results
Price/Sales23.26xCalculated as Market Cap/Sales
Explore Stock Analytics
COMMUNITY POLL
for NIPPON LIFE INDIA ASSET MANAGEMENT
Please provide your vote to see the results
NIPPON LIFE INDIA ASSET MANAGEMENT is part of below Screeners ↓
Top Mid Cap Stocks with Best Fundamentals
Best Quarterly Growth Mid Cap Stocks

Definition & Calculation of PS (Price/Sales) ratio of NIPPON LIFE INDIA ASSET MANAGEMENT

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 NIPPON LIFE INDIA ASSET MANAGEMENT is calculated as :

Current Market Cap [ ₹35,434.1 Cr] as on Apr 19,2024

(/) Sales [ ₹1,523.3 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 23.26x ]

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

Thus, for NIPPON LIFE INDIA ASSET MANAGEMENT , the investors are currently willing to pay '23.26 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 NIPPON LIFE INDIA ASSET MANAGEMENT !

The chart below summarizes the trend in P/S Ratio of NIPPON LIFE INDIA ASSET MANAGEMENT over the last five years.

Historical PS (Price/Sales) ratio chart of NIPPON LIFE INDIA ASSET MANAGEMENT


PS Ratio Performance Analysis for NIPPON LIFE INDIA ASSET MANAGEMENT

- NIPPON LIFE INDIA ASSET MANAGEMENT 's latest p/e ratio is 23.26x.

- NIPPON LIFE INDIA ASSET MANAGEMENT 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 13.45x.

- NIPPON LIFE INDIA ASSET MANAGEMENT 's operated at median p/e ratio of 12.66x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NIPPON LIFE INDIA ASSET MANAGEMENT 's p/e ratio peaked in Mar2021 at 19.62x.

- NIPPON LIFE INDIA ASSET MANAGEMENT 's p/e ratio hit its five-year low in Mar2019 of 8.69x.


How does NIPPON LIFE INDIA ASSET MANAGEMENT 's P/S Ratio benchmark against top 10 peers in Finance - Asset Management Industry?

Peer Comparison (Finance - Asset Management Industry)Sales (Cr)PS RatioMarket Cap (Cr)
NIPPON LIFE INDIA ASSET MANAGEMENT 1,523.323.2635,434.1
ADITYA BIRLA SUN LIFE AMC LTD1,284.611.2914,505.6
UTI ASSET MANAGEMENT COMPANY LTD1,621.67.0511,437.2
SHRIRAM ASSET MANAGEMENT COMPANY LTD7.449.72366.5

Finance - Asset Management Industry Benchmark (Top 10) PS Analysis vs NIPPON LIFE INDIA ASSET MANAGEMENT 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 7.05x
Max industry PS 49.72x
Median industry PS 23.26x
Average industry PS 22.83x



You may also like the below Video Courses