APOLLO TYRES
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The Current P/E Ratio of APOLLO TYRES is 19.15.
| Share Price | ₹437.1 | Jan 31,2025 |
| Market Cap | ₹27,757.0 Cr | |
| Earnings-TTM | ₹1,449.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 19.15x | 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 [ ₹27,757.0 Cr] as on Jan 31,2025
(/) Earnings [ ₹1,449.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 19.15x ]
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 19.15 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 19.15 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 19.15x.
- 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 | 19.15 | 27,757.0 |
| MRF LTD | 1,947.54 | 24.74 | 48,180.7 |
| BALKRISHNA INDUSTRIES LTD | 1,773.16 | 30.18 | 53,516.0 |
| JK TYRE & INDUSTRIES LTD | 757.88 | 11.47 | 8,689.2 |
| CEAT LTD | 449.20 | 25.74 | 11,562.0 |
| TVS SRICHAKRA LTD | 64.64 | 37.00 | 2,391.6 |
| GOODYEAR INDIA LTD | 58.42 | 37.46 | 2,188.2 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs APOLLO TYRES 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 11.47x |
| Max industry PE | 37.46x |
| Median industry PE | 25.74x |
| Average industry PE | 26.53x |
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