ASSOCIATED CERAMICS
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The Current P/E Ratio of ASSOCIATED CERAMICS is 24.72.
| Share Price | ₹294.1 | Sep 06,2024 |
| Market Cap | ₹58.8 Cr | |
| Earnings-TTM | ₹2.4 Cr | TTM-Standalone Results |
| Price/Earnings | 24.72x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of ASSOCIATED CERAMICS
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 [ ₹58.8 Cr] as on Sep 06,2024
(/) Earnings [ ₹2.4 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 24.72x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for ASSOCIATED CERAMICS , the investors are currently willing to pay 24.72 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 ASSOCIATED CERAMICS !
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 ASSOCIATED CERAMICS over the last five years.
Thus, for ASSOCIATED CERAMICS , the investors are currently willing to pay 24.72 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 ASSOCIATED CERAMICS !
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 ASSOCIATED CERAMICS over the last five years.
Historical PE (Price/Earnings) ratio chart of ASSOCIATED CERAMICS
PE Ratio Performance Analysis for ASSOCIATED CERAMICS
- ASSOCIATED CERAMICS 's latest p/e ratio is 24.72x.
- ASSOCIATED CERAMICS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.13x.
- ASSOCIATED CERAMICS 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ASSOCIATED CERAMICS 's p/e ratio peaked in Mar2023 at 0.63x.
- ASSOCIATED CERAMICS 's p/e ratio hit its five-year low in Mar2022 of 0x.
- ASSOCIATED CERAMICS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.13x.
- ASSOCIATED CERAMICS 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ASSOCIATED CERAMICS 's p/e ratio peaked in Mar2023 at 0.63x.
- ASSOCIATED CERAMICS 's p/e ratio hit its five-year low in Mar2022 of 0x.
How does ASSOCIATED CERAMICS 's P/E Ratio benchmark against top 10 peers in Refractories Industry?
| Peer Comparison (Refractories Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| ASSOCIATED CERAMICS | 2.38 | 24.72 | 58.8 |
| RHI MAGNESITA INDIA LTD | -74.04 | -167.17 | 12,376.7 |
| VESUVIUS INDIA LTD | 253.48 | 42.24 | 10,708.2 |
| IFGL REFRACTORIES LTD | 76.71 | 29.01 | 2,225.4 |
| MORGANITE CRUCIBLE (INDIA) LTD | 23.58 | 43.41 | 1,023.5 |
| ORIENT CERATECH LTD | 17.70 | 37.40 | 661.8 |
| NILACHAL REFRACTORIES LTD | -7.70 | -12.95 | 99.8 |
Refractories Industry Benchmark (Top 10) PE Analysis vs ASSOCIATED CERAMICS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -167.17x |
| Max industry PE | 43.41x |
| Median industry PE | 29.01x |
| Average industry PE | -0.48x |
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