APOLLO TYRES
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The Current P/E Ratio of APOLLO TYRES is 21.11.
| Share Price | ₹482.0 | Nov 21,2024 |
| Market Cap | ₹30,608.6 Cr | |
| Earnings-TTM | ₹1,449.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 21.11x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of APOLLO TYRES
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)
Current Market Cap [ ₹30,608.6 Cr] as on Nov 21,2024
(/) Earnings [ ₹1,449.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 21.11x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for APOLLO TYRES , the investors are currently willing to pay 21.11 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 APOLLO TYRES !
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 APOLLO TYRES over the last five years.
Thus, for APOLLO TYRES , the investors are currently willing to pay 21.11 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 APOLLO TYRES !
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 APOLLO TYRES over the last five years.
Historical PE (Price/Earnings) ratio chart of APOLLO TYRES
PE Ratio Performance Analysis for APOLLO TYRES
- APOLLO TYRES 's latest p/e ratio is 21.11x.
- APOLLO TYRES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 21.15x.
- APOLLO TYRES 's operated at median p/e ratio of 19.01x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, APOLLO TYRES 's p/e ratio peaked in Mar2021 at 40.58x.
- APOLLO TYRES 's p/e ratio hit its five-year low in Mar2020 of 9.53x.
- APOLLO TYRES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 21.15x.
- APOLLO TYRES 's operated at median p/e ratio of 19.01x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, APOLLO TYRES 's p/e ratio peaked in Mar2021 at 40.58x.
- APOLLO TYRES 's p/e ratio hit its five-year low in Mar2020 of 9.53x.
How does APOLLO TYRES 's P/E Ratio benchmark against top 10 peers in Tyres & Allied Industry?
| Peer Comparison (Tyres & Allied Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| APOLLO TYRES | 1,449.83 | 21.11 | 30,608.6 |
| MRF LTD | 1,947.54 | 26.90 | 52,381.0 |
| BALKRISHNA INDUSTRIES LTD | 1,629.10 | 32.32 | 52,649.0 |
| JK TYRE & INDUSTRIES LTD | 757.88 | 13.08 | 9,914.0 |
| CEAT LTD | 530.70 | 20.99 | 11,140.8 |
| TVS SRICHAKRA LTD | 64.64 | 41.73 | 2,697.4 |
| GOODYEAR INDIA LTD | 58.42 | 39.68 | 2,318.2 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs APOLLO TYRES 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 13.08x |
| Max industry PE | 41.73x |
| Median industry PE | 26.90x |
| Average industry PE | 27.97x |
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