CEAT
|
The Current P/E Ratio of CEAT is 22.70.
Share Price | ₹2,974.5 | Nov 28,2024 |
Market Cap | ₹12,046.5 Cr | |
Earnings-TTM | ₹530.7 Cr | TTM-Consolidated Results |
Price/Earnings | 22.70x | 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 [ ₹12,046.5 Cr] as on Nov 28,2024
(/) Earnings [ ₹530.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 22.70x ]
Thus, for CEAT , the investors are currently willing to pay 22.70 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 | 22.70 | 12,046.5 |
MRF LTD | 1,947.54 | 26.93 | 52,445.3 |
BALKRISHNA INDUSTRIES LTD | 1,629.10 | 32.31 | 52,639.3 |
APOLLO TYRES LTD | 1,449.83 | 22.35 | 32,409.2 |
JK TYRE & INDUSTRIES LTD | 757.88 | 13.67 | 10,359.3 |
TVS SRICHAKRA LTD | 64.64 | 44.91 | 2,902.7 |
GOODYEAR INDIA LTD | 58.42 | 40.99 | 2,394.5 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs CEAT 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 13.67x |
Max industry PE | 44.91x |
Median industry PE | 26.93x |
Average industry PE | 29.12x |
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