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ASIAN ENERGY SERVICES
PE (Price/Earnings) Ratio

The Current P/E Ratio of ASIAN ENERGY SERVICES is 41.48.

Share Price ₹337.8Dec 03,2024
Market Cap ₹1,513.1 Cr
Earnings-TTM₹36.5 CrTTM-Consolidated Results
Price/Earnings41.48xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ASIAN ENERGY 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 ASIAN ENERGY SERVICES is calculated as :

Current Market Cap [ ₹1,513.1 Cr] as on Dec 03,2024

(/) Earnings [ ₹36.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 41.48x ]

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

Thus, for ASIAN ENERGY SERVICES , the investors are currently willing to pay 41.48 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 ASIAN ENERGY 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 ASIAN ENERGY SERVICES over the last five years.

Historical PE (Price/Earnings) ratio chart of ASIAN ENERGY SERVICES


PE Ratio Performance Analysis for ASIAN ENERGY SERVICES

- ASIAN ENERGY SERVICES 's latest p/e ratio is 41.48x.

- ASIAN ENERGY SERVICES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 15.69x.

- ASIAN ENERGY SERVICES 's operated at median p/e ratio of 11.09x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASIAN ENERGY SERVICES 's p/e ratio peaked in Mar2024 at 43.2x.

- ASIAN ENERGY SERVICES 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does ASIAN ENERGY SERVICES 's P/E Ratio benchmark against top 10 peers in Oil Exploration Industry?

Peer Comparison (Oil Exploration Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ASIAN ENERGY SERVICES 36.4841.481,513.1
OIL & NATURAL GAS CORPORATION LTD40,937.908.06329,918.0
OIL INDIA LTD8,260.909.6579,728.2
HINDUSTAN OIL EXPLORATION COMPANY LTD168.6515.422,599.9
JINDAL DRILLING & INDUSTRIES LTD101.7223.522,392.0
SELAN EXPLORATION TECHNOLOGY LTD57.8322.881,322.9
DEEP ENERGY RESOURCES LTD-1.61-617.78992.2
ABAN OFFSHORE LTD-1,018.24-0.37378.6
GUJARAT NATURAL RESOURCES LTD-1.73-145.83252.4
AAKASH EXPLORATION SERVICES LTD5.2221.58112.6

Oil Exploration Industry Benchmark (Top 10) PE Analysis vs ASIAN ENERGY SERVICES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -617.78x
Max industry PE 41.48x
Median industry PE 15.42x
Average industry PE -62.14x



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