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ADANI GREEN ENERGY
PE (Price/Earnings) Ratio

The Current P/E Ratio of ADANI GREEN ENERGY is 300.77.

Share Price ₹1,843.8May 16,2024
Market Cap ₹292,050.0 Cr
Earnings-TTM₹971.0 CrTTM-Consolidated Results
Price/Earnings300.77xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ADANI GREEN ENERGY

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of ADANI GREEN ENERGY is calculated as :

Current Market Cap [ ₹292,050.0 Cr] as on May 16,2024

(/) Earnings [ ₹971.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 300.77x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for ADANI GREEN ENERGY , the investors are currently willing to pay 300.77 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of ADANI GREEN ENERGY !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of ADANI GREEN ENERGY over the last five years.

Historical PE (Price/Earnings) ratio chart of ADANI GREEN ENERGY


PE Ratio Performance Analysis for ADANI GREEN ENERGY

- ADANI GREEN ENERGY 's latest p/e ratio is 300.77x.

- ADANI GREEN ENERGY 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 315.56x.

- ADANI GREEN ENERGY 's operated at median p/e ratio of 143.41x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ADANI GREEN ENERGY 's p/e ratio peaked in Mar2021 at 822.44x.

- ADANI GREEN ENERGY 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does ADANI GREEN ENERGY 's P/E Ratio benchmark against top 10 peers in Power Generation/Distribution Industry?

Peer Comparison (Power Generation/Distribution Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ADANI GREEN ENERGY 971.00300.77292,050.0
NTPC LTD16,487.1021.26350,438.0
POWER GRID CORPORATION OF INDIA LTD16,282.8017.85290,690.0
ADANI POWER LTD20,828.8011.85246,825.0
TATA POWER COMPANY LTD3,102.5244.69138,646.0
ADANI ENERGY SOLUTIONS LTD1,199.4396.01115,158.0
NHPC LTD3,737.5226.3898,612.1
JSW ENERGY LTD1,708.1460.78103,817.0
TORRENT POWER LTD1,932.8933.2864,323.4
SJVN LTD990.5252.2951,794.7
NLC INDIA LTD1,867.3116.9031,566.8

Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs ADANI GREEN ENERGY 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 11.85x
Max industry PE 300.77x
Median industry PE 33.28x
Average industry PE 62.01x



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