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BHARAT PETROLEUM CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of BHARAT PETROLEUM CORPORATION is 10.59.

Share Price ₹287.6Nov 19,2024
Market Cap ₹124,753.6 Cr
Earnings-TTM₹11,785.8 CrTTM-Consolidated Results
Price/Earnings10.59xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BHARAT PETROLEUM CORPORATION

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 BHARAT PETROLEUM CORPORATION is calculated as :

Current Market Cap [ ₹124,753.6 Cr] as on Nov 19,2024

(/) Earnings [ ₹11,785.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 10.59x ]

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

Thus, for BHARAT PETROLEUM CORPORATION , the investors are currently willing to pay 10.59 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 BHARAT PETROLEUM CORPORATION !

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 BHARAT PETROLEUM CORPORATION over the last five years.

Historical PE (Price/Earnings) ratio chart of BHARAT PETROLEUM CORPORATION


PE Ratio Performance Analysis for BHARAT PETROLEUM CORPORATION

- BHARAT PETROLEUM CORPORATION 's latest p/e ratio is 10.59x.

- BHARAT PETROLEUM CORPORATION 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 10.41x.

- BHARAT PETROLEUM CORPORATION 's operated at median p/e ratio of 6.55x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BHARAT PETROLEUM CORPORATION 's p/e ratio peaked in Mar2020 at 20.35x.

- BHARAT PETROLEUM CORPORATION 's p/e ratio hit its five-year low in Mar2024 of 2.4x.


How does BHARAT PETROLEUM CORPORATION 's P/E Ratio benchmark against top 10 peers in Refineries Industry?

Peer Comparison (Refineries Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BHARAT PETROLEUM CORPORATION 11,785.8010.59124,753.6
RELIANCE INDUSTRIES LTD77,180.0021.761,679,770.0
INDIAN OIL CORPORATION LTD15,856.0011.86188,024.0
HINDUSTAN PETROLEUM CORPORATION LTD3,793.3920.2876,931.4
MANGALORE REFINERY AND PETROCHEMICALS LTD884.6529.2925,912.2
CHENNAI PETROLEUM CORPORATION LTD667.1612.918,615.3

Refineries Industry Benchmark (Top 10) PE Analysis vs BHARAT PETROLEUM CORPORATION 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 10.59x
Max industry PE 29.29x
Median industry PE 20.28x
Average industry PE 17.78x



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