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CONFIDENCE FUTURISTIC ENERGETECH
PE (Price/Earnings) Ratio

The Current P/E Ratio of CONFIDENCE FUTURISTIC ENERGETECH is 47.50.

Share Price ₹76.1Sep 06,2024
Market Cap ₹190.2 Cr
Earnings-TTM₹4.0 CrTTM-Consolidated Results
Price/Earnings47.50xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of CONFIDENCE FUTURISTIC ENERGETECH

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 CONFIDENCE FUTURISTIC ENERGETECH is calculated as :

Current Market Cap [ ₹190.2 Cr] as on Sep 06,2024

(/) Earnings [ ₹4.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 47.50x ]

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

Thus, for CONFIDENCE FUTURISTIC ENERGETECH , the investors are currently willing to pay 47.50 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 CONFIDENCE FUTURISTIC ENERGETECH !

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 CONFIDENCE FUTURISTIC ENERGETECH over the last five years.

Historical PE (Price/Earnings) ratio chart of CONFIDENCE FUTURISTIC ENERGETECH


PE Ratio Performance Analysis for CONFIDENCE FUTURISTIC ENERGETECH

- CONFIDENCE FUTURISTIC ENERGETECH 's latest p/e ratio is 47.50x.

- CONFIDENCE FUTURISTIC ENERGETECH 's p/e ratio for fiscal years ending Mar2023 to Mar2021 averaged 144.99x.

- CONFIDENCE FUTURISTIC ENERGETECH 's operated at median p/e ratio of 40.39x from fiscal years ending March 2018 to 2022.

- Looking back at the last 3 fiscal years, CONFIDENCE FUTURISTIC ENERGETECH 's p/e ratio peaked in Mar2021 at 368.68x.

- CONFIDENCE FUTURISTIC ENERGETECH 's p/e ratio hit its five-year low in Mar2022 of 25.91x.


How does CONFIDENCE FUTURISTIC ENERGETECH 's P/E Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?

Peer Comparison (Gas Transmission/Marketing Industry)Earnings-TTM (Cr)PE RatioMarket Cap
CONFIDENCE FUTURISTIC ENERGETECH 4.0147.50190.2
ADANI TOTAL GAS LTD675.46134.6890,970.8
GUJARAT GAS LTD1,255.8236.5745,919.1
INDRAPRASTHA GAS LTD1,603.4323.6737,954.0
GUJARAT STATE PETRONET LTD2,275.6811.0625,161.0
MAHANAGAR GAS LTD1,205.2015.0718,164.7

Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs CONFIDENCE FUTURISTIC ENERGETECH 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 11.06x
Max industry PE 134.68x
Median industry PE 36.57x
Average industry PE 44.76x



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