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PARNAX LAB
PS (Price/Sales) Ratio

The Current P/S Ratio of PARNAX LAB is 0.61.

Share Price ₹97.4May 31,2024
Market Cap ₹112.0 Cr
Sales-TTM₹183.3 CrTTM-Consolidated Results
Price/Sales0.61xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of PARNAX LAB

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 PARNAX LAB is calculated as :

Current Market Cap [ ₹112.0 Cr] as on May 31,2024

(/) Sales [ ₹183.3 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 0.61x ]

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

Thus, for PARNAX LAB , the investors are currently willing to pay '0.61 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 PARNAX LAB !

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

Historical PS (Price/Sales) ratio chart of PARNAX LAB


PS Ratio Performance Analysis for PARNAX LAB

- PARNAX LAB 's latest p/e ratio is 0.61x.

- PARNAX LAB 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.34x.

- PARNAX LAB 's operated at median p/e ratio of 0.26x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PARNAX LAB 's p/e ratio peaked in Mar2022 at 0.79x.

- PARNAX LAB 's p/e ratio hit its five-year low in Mar2020 of 0.11x.


How does PARNAX LAB 's P/S Ratio benchmark against top 10 peers in Pharmaceuticals & Drugs Industry?

Peer Comparison (Pharmaceuticals & Drugs Industry)Sales (Cr)PS RatioMarket Cap (Cr)
PARNAX LAB 183.30.61112.0
SUN PHARMACEUTICAL INDUSTRIES LTD48,496.97.22350,339.0
CIPLA LTD25,774.14.54116,930.0
DR REDDYS LABORATORIES LTD28,011.13.4596,546.9
ZYDUS LIFESCIENCES LTD19,547.45.15100,694.0
DIVIS LABORATORIES LTD7,845.014.58114,416.0
MANKIND PHARMA LTD10,334.88.3285,978.3
TORRENT PHARMACEUTICALS LTD10,728.08.5191,258.4
LUPIN LTD20,010.83.6272,388.0
AUROBINDO PHARMA LTD29,001.92.4069,550.9
ABBOTT INDIA LTD5,848.99.4054,984.6

Pharmaceuticals & Drugs Industry Benchmark (Top 10) PS Analysis vs PARNAX LAB 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.61x
Max industry PS 14.58x
Median industry PS 5.15x
Average industry PS 6.16x



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