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ASAHI INDIA GLASS
PE (Price/Earnings) Ratio

The Current P/E Ratio of ASAHI INDIA GLASS is 55.39.

Share Price ₹697.3Nov 08,2024
Market Cap ₹16,950.1 Cr
Earnings-TTM₹306.0 CrTTM-Consolidated Results
Price/Earnings55.39xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ASAHI INDIA GLASS

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 ASAHI INDIA GLASS is calculated as :

Current Market Cap [ ₹16,950.1 Cr] as on Nov 08,2024

(/) Earnings [ ₹306.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 55.39x ]

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

Thus, for ASAHI INDIA GLASS , the investors are currently willing to pay 55.39 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 ASAHI INDIA GLASS !

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 ASAHI INDIA GLASS over the last five years.

Historical PE (Price/Earnings) ratio chart of ASAHI INDIA GLASS


PE Ratio Performance Analysis for ASAHI INDIA GLASS

- ASAHI INDIA GLASS 's latest p/e ratio is 55.39x.

- ASAHI INDIA GLASS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 36.25x.

- ASAHI INDIA GLASS 's operated at median p/e ratio of 30.33x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASAHI INDIA GLASS 's p/e ratio peaked in Mar2021 at 56.5x.

- ASAHI INDIA GLASS 's p/e ratio hit its five-year low in Mar2020 of 24.61x.


How does ASAHI INDIA GLASS 's P/E Ratio benchmark against top 10 peers in Glass Industry?

Peer Comparison (Glass Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ASAHI INDIA GLASS 305.9955.3916,950.1
BOROSIL RENEWABLES LTD-53.41-113.826,079.2
LA OPALA RG LTD122.6730.643,759.0
HALDYN GLASS LTD15.8658.62929.9
EMPIRE INDUSTRIES LTD40.5715.31620.9
SEJAL GLASS LTD5.33117.98628.4
HINDUSTHAN NATIONAL GLASS & INDUSTRIES LTD122.801.96240.5

Glass Industry Benchmark (Top 10) PE Analysis vs ASAHI INDIA GLASS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -113.82x
Max industry PE 117.98x
Median industry PE 30.64x
Average industry PE 23.72x



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