CEAT
|
The Current P/E Ratio of CEAT is 21.02.
Share Price | ₹2,754.2 | Nov 21,2024 |
Market Cap | ₹11,154.5 Cr | |
Earnings-TTM | ₹530.7 Cr | TTM-Consolidated Results |
Price/Earnings | 21.02x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of CEAT
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹11,154.5 Cr] as on Nov 21,2024
(/) Earnings [ ₹530.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 21.02x ]
Thus, for CEAT , the investors are currently willing to pay 21.02 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 CEAT !
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 CEAT over the last five years.
Historical PE (Price/Earnings) ratio chart of CEAT
PE Ratio Performance Analysis for CEAT
- CEAT 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 25.94x.
- CEAT 's operated at median p/e ratio of 16.85x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CEAT 's p/e ratio peaked in Mar2022 at 52.94x.
- CEAT 's p/e ratio hit its five-year low in Mar2020 of 13.77x.
How does CEAT 's P/E Ratio benchmark against top 10 peers in Tyres & Allied Industry?
Peer Comparison (Tyres & Allied Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
CEAT | 530.70 | 21.02 | 11,154.5 |
MRF LTD | 1,947.54 | 26.90 | 52,381.0 |
BALKRISHNA INDUSTRIES LTD | 1,629.10 | 32.32 | 52,649.0 |
APOLLO TYRES LTD | 1,449.83 | 21.11 | 30,608.7 |
JK TYRE & INDUSTRIES LTD | 757.88 | 13.08 | 9,914.0 |
TVS SRICHAKRA LTD | 64.64 | 41.73 | 2,697.4 |
GOODYEAR INDIA LTD | 58.42 | 39.68 | 2,318.2 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs CEAT 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 13.08x |
Max industry PE | 41.73x |
Median industry PE | 26.90x |
Average industry PE | 27.98x |
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