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CHENNAI PETROLEUM CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of CHENNAI PETROLEUM CORPORATION is 12.91.

Share Price ₹578.6Nov 19,2024
Market Cap ₹8,614.6 Cr
Earnings-TTM₹667.2 CrTTM-Consolidated Results
Price/Earnings12.91xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of CHENNAI 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 CHENNAI PETROLEUM CORPORATION is calculated as :

Current Market Cap [ ₹8,614.6 Cr] as on Nov 19,2024

(/) Earnings [ ₹667.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 12.91x ]

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

Thus, for CHENNAI PETROLEUM CORPORATION , the investors are currently willing to pay 12.91 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 CHENNAI 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 CHENNAI PETROLEUM CORPORATION over the last five years.

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


PE Ratio Performance Analysis for CHENNAI PETROLEUM CORPORATION

- CHENNAI PETROLEUM CORPORATION 's latest p/e ratio is 12.91x.

- CHENNAI PETROLEUM CORPORATION 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.62x.

- CHENNAI PETROLEUM CORPORATION 's operated at median p/e ratio of 1.41x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, CHENNAI PETROLEUM CORPORATION 's p/e ratio peaked in Mar2021 at 5.79x.

- CHENNAI PETROLEUM CORPORATION 's p/e ratio hit its five-year low in Mar2020 of 0x.


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

Peer Comparison (Refineries Industry)Earnings-TTM (Cr)PE RatioMarket Cap
CHENNAI PETROLEUM CORPORATION 667.1612.918,614.6
RELIANCE INDUSTRIES LTD77,180.0021.761,679,770.0
INDIAN OIL CORPORATION LTD15,856.0011.86188,024.0
BHARAT PETROLEUM CORPORATION LTD11,785.8010.40122,540.0
HINDUSTAN PETROLEUM CORPORATION LTD3,793.3920.2876,931.4
MANGALORE REFINERY AND PETROCHEMICALS LTD884.6529.2925,912.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 10.40x
Max industry PE 29.29x
Median industry PE 20.28x
Average industry PE 17.75x



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