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ARTEMIS MEDICARE SERVICES
PE (Price/Earnings) Ratio

The Current P/E Ratio of ARTEMIS MEDICARE SERVICES is 54.48.

Share Price ₹291.3Feb 06,2025
Market Cap ₹4,007.6 Cr
Earnings-TTM₹73.6 CrTTM-Consolidated Results
Price/Earnings54.48xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ARTEMIS MEDICARE SERVICES

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 ARTEMIS MEDICARE SERVICES is calculated as :

Current Market Cap [ ₹4,007.6 Cr] as on Feb 06,2025

(/) Earnings [ ₹73.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 54.48x ]

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

Thus, for ARTEMIS MEDICARE SERVICES , the investors are currently willing to pay 54.48 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 ARTEMIS MEDICARE SERVICES !

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 ARTEMIS MEDICARE SERVICES over the last five years.

Historical PE (Price/Earnings) ratio chart of ARTEMIS MEDICARE SERVICES


PE Ratio Performance Analysis for ARTEMIS MEDICARE SERVICES

- ARTEMIS MEDICARE SERVICES 's latest p/e ratio is 54.48x.

- ARTEMIS MEDICARE SERVICES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 19.03x.

- ARTEMIS MEDICARE SERVICES 's operated at median p/e ratio of 19.1x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ARTEMIS MEDICARE SERVICES 's p/e ratio peaked in Mar2024 at 46.94x.

- ARTEMIS MEDICARE SERVICES 's p/e ratio hit its five-year low in Mar2020 of 0.92x.


How does ARTEMIS MEDICARE SERVICES 's P/E Ratio benchmark against top 10 peers in Hospital & Healthcare Services Industry?

Peer Comparison (Hospital & Healthcare Services Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ARTEMIS MEDICARE SERVICES 73.5654.484,007.6
APOLLO HOSPITALS ENTERPRISE LTD1,196.8082.5598,797.3
MAX HEALTHCARE INSTITUTE LTD1,008.42108.48109,395.0
GLOBAL HEALTH LTD507.2961.8731,387.1
FORTIS HEALTHCARE LTD690.7671.1649,151.6
NARAYANA HRUDAYALAYA LTD779.1836.0028,052.6
ASTER DM HEALTHCARE LTD304.6678.7223,981.6
DR LAL PATHLABS LTD422.5055.4223,416.7
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD380.0268.8726,171.1
RAINBOW CHILDRENS MEDICARE LTD232.3760.2213,992.8
METROPOLIS HEALTHCARE LTD152.8162.119,490.3

Hospital & Healthcare Services Industry Benchmark (Top 10) PE Analysis vs ARTEMIS MEDICARE SERVICES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 36.00x
Max industry PE 108.48x
Median industry PE 62.11x
Average industry PE 67.26x



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