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TAMILNAD MERCANTILE BANK
PS (Price/Sales) Ratio

The Current P/S Ratio of TAMILNAD MERCANTILE BANK is 1.64.

Share Price ₹482.4Apr 19,2024
Market Cap ₹7,641.2 Cr
Sales-TTM₹4,664.3 CrTTM-Standalone Results
Price/Sales1.64xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of TAMILNAD MERCANTILE BANK

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 TAMILNAD MERCANTILE BANK is calculated as :

Current Market Cap [ ₹7,641.2 Cr] as on Apr 19,2024

(/) Sales [ ₹4,664.3 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 1.64x ]

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

Thus, for TAMILNAD MERCANTILE BANK , the investors are currently willing to pay '1.64 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 TAMILNAD MERCANTILE BANK !

The chart below summarizes the trend in P/S Ratio of TAMILNAD MERCANTILE BANK over the last five years.

Historical PS (Price/Sales) ratio chart of TAMILNAD MERCANTILE BANK


PS Ratio Performance Analysis for TAMILNAD MERCANTILE BANK

- TAMILNAD MERCANTILE BANK 's latest p/e ratio is 1.64x.

- TAMILNAD MERCANTILE BANK 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.32x.

- TAMILNAD MERCANTILE BANK 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TAMILNAD MERCANTILE BANK 's p/e ratio peaked in Mar2023 at 1.58x.

- TAMILNAD MERCANTILE BANK 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does TAMILNAD MERCANTILE BANK 's P/S Ratio benchmark against top 10 peers in Bank - Private Industry?

Peer Comparison (Bank - Private Industry)Sales (Cr)PS RatioMarket Cap (Cr)
TAMILNAD MERCANTILE BANK 4,664.31.647,641.2
HDFC BANK LTD251,764.04.621,163,310.0
ICICI BANK LTD151,348.04.95749,048.0
KOTAK MAHINDRA BANK LTD53,062.16.72356,474.0
AXIS BANK LTD107,158.02.97317,808.0
INDUSIND BANK LTD43,570.42.65115,437.0
IDBI BANK LTD25,180.43.5890,255.7
YES BANK LTD26,366.52.6168,870.3
IDFC FIRST BANK LTD28,529.12.0357,853.2
AU SMALL FINANCE BANK LTD10,000.14.5745,671.6
THE FEDERAL BANK LTD22,238.51.6636,976.4

Bank - Private Industry Benchmark (Top 10) PS Analysis vs TAMILNAD MERCANTILE BANK 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 1.64x
Max industry PS 6.72x
Median industry PS 2.97x
Average industry PS 3.45x



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