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ASTER DM HEALTHCARE
PE (Price/Earnings) Ratio

The Current P/E Ratio of ASTER DM HEALTHCARE is 46.89.

Share Price ₹426.6Nov 21,2024
Market Cap ₹21,306.2 Cr
Earnings-TTM₹454.4 CrTTM-Consolidated Results
Price/Earnings46.89xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ASTER DM HEALTHCARE

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 ASTER DM HEALTHCARE is calculated as :

Current Market Cap [ ₹21,306.2 Cr] as on Nov 21,2024

(/) Earnings [ ₹454.4 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 46.89x ]

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

Thus, for ASTER DM HEALTHCARE , the investors are currently willing to pay 46.89 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 ASTER DM HEALTHCARE !

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 ASTER DM HEALTHCARE over the last five years.

Historical PE (Price/Earnings) ratio chart of ASTER DM HEALTHCARE


PE Ratio Performance Analysis for ASTER DM HEALTHCARE

- ASTER DM HEALTHCARE 's latest p/e ratio is 46.89x.

- ASTER DM HEALTHCARE 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 53.70x.

- ASTER DM HEALTHCARE 's operated at median p/e ratio of 28.39x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASTER DM HEALTHCARE 's p/e ratio peaked in Mar2024 at 158.09x.

- ASTER DM HEALTHCARE 's p/e ratio hit its five-year low in Mar2020 of 17.14x.


How does ASTER DM HEALTHCARE '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
ASTER DM HEALTHCARE 454.3546.8921,306.2
APOLLO HOSPITALS ENTERPRISE LTD1,196.8081.0296,963.3
MAX HEALTHCARE INSTITUTE LTD1,058.9690.8596,207.0
GLOBAL HEALTH LTD487.9759.0228,800.4
FORTIS HEALTHCARE LTD690.7674.3851,378.7
NARAYANA HRUDAYALAYA LTD779.1833.0225,729.0
DR LAL PATHLABS LTD406.6062.2525,309.9
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD364.1964.2523,398.1
RAINBOW CHILDRENS MEDICARE LTD232.3768.7315,972.0
METROPOLIS HEALTHCARE LTD148.6269.5510,336.5
JUPITER LIFE LINE HOSPITALS LTD185.0554.6110,104.7

Hospital & Healthcare Services Industry Benchmark (Top 10) PE Analysis vs ASTER DM HEALTHCARE 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 33.02x
Max industry PE 90.85x
Median industry PE 64.25x
Average industry PE 64.05x



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