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RACE ECO CHAIN
PS (Price/Sales) Ratio

The Current P/S Ratio of RACE ECO CHAIN is 1.58.

Share Price ₹331.7Apr 30,2024
Market Cap ₹543.9 Cr
Sales-TTM₹343.8 CrTTM-Standalone Results
Price/Sales1.58xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of RACE ECO CHAIN

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 RACE ECO CHAIN is calculated as :

Current Market Cap [ ₹543.9 Cr] as on Apr 30,2024

(/) Sales [ ₹343.8 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 1.58x ]

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

Thus, for RACE ECO CHAIN , the investors are currently willing to pay '1.58 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 RACE ECO CHAIN !

The chart below summarizes the trend in P/S Ratio of RACE ECO CHAIN over the last five years.

Historical PS (Price/Sales) ratio chart of RACE ECO CHAIN


PS Ratio Performance Analysis for RACE ECO CHAIN

- RACE ECO CHAIN 's latest p/e ratio is 1.58x.

- RACE ECO CHAIN 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.40x.

- RACE ECO CHAIN 's operated at median p/e ratio of 1.77x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RACE ECO CHAIN 's p/e ratio peaked in Mar2021 at 7.28x.

- RACE ECO CHAIN 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does RACE ECO CHAIN 's P/S Ratio benchmark against top 10 peers in Environmental Services Industry?

Peer Comparison (Environmental Services Industry)Sales (Cr)PS RatioMarket Cap (Cr)
RACE ECO CHAIN 343.81.58543.9
VA TECH WABAG LTD2,849.12.116,009.2
ANTONY WASTE HANDLING CELL LTD867.31.671,444.4
ECO RECYCLING LTD24.946.341,154.3

Environmental Services Industry Benchmark (Top 10) PS Analysis vs RACE ECO CHAIN 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 1.58x
Max industry PS 46.34x
Median industry PS 2.11x
Average industry PS 12.92x



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