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BIHAR SPONGE IRON
PE (Price/Earnings) Ratio

The Current P/E Ratio of BIHAR SPONGE IRON is 21.12.

Share Price ₹24.5Sep 06,2024
Market Cap ₹220.7 Cr
Earnings-TTM₹10.4 CrTTM-Standalone Results
Price/Earnings21.12xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BIHAR SPONGE IRON

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 BIHAR SPONGE IRON is calculated as :

Current Market Cap [ ₹220.7 Cr] as on Sep 06,2024

(/) Earnings [ ₹10.4 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 21.12x ]

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

Thus, for BIHAR SPONGE IRON , the investors are currently willing to pay 21.12 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 BIHAR SPONGE IRON !

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 BIHAR SPONGE IRON over the last five years.

Historical PE (Price/Earnings) ratio chart of BIHAR SPONGE IRON


PE Ratio Performance Analysis for BIHAR SPONGE IRON

- BIHAR SPONGE IRON 's latest p/e ratio is 21.12x.

- BIHAR SPONGE IRON 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.57x.

- BIHAR SPONGE IRON 's operated at median p/e ratio of 4.85x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BIHAR SPONGE IRON 's p/e ratio peaked in Mar2022 at 11.71x.

- BIHAR SPONGE IRON 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does BIHAR SPONGE IRON 's P/E Ratio benchmark against top 10 peers in Steel/Sponge Iron/Pig Iron Industry?

Peer Comparison (Steel/Sponge Iron/Pig Iron Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BIHAR SPONGE IRON 10.4521.12220.7
JINDAL STEEL & POWER LTD5,589.4017.4197,311.3
LLOYDS METALS & ENERGY LTD1,397.0628.7840,207.6
JAI BALAJI INDUSTRIES LTD917.9621.9320,130.7
STEEL EXCHANGE INDIA LTD18.9085.181,609.6
SURAJ PRODUCTS LTD27.2521.82594.6
SAL STEEL LTD0.52377.94196.5
KIC METALIKS LTD1.51103.90156.8
VASWANI INDUSTRIES LTD8.7916.86148.2

Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PE Analysis vs BIHAR SPONGE IRON 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 16.86x
Max industry PE 377.94x
Median industry PE 21.93x
Average industry PE 77.22x



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