CONFIDENCE FUTURISTIC ENERGETECH
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The Current P/E Ratio of CONFIDENCE FUTURISTIC ENERGETECH is 67.59.
Share Price | ₹105.5 | Jan 30,2025 |
Market Cap | ₹263.7 Cr | |
Earnings-TTM | ₹3.9 Cr | TTM-Consolidated Results |
Price/Earnings | 67.59x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of CONFIDENCE FUTURISTIC ENERGETECH
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹263.7 Cr] as on Jan 30,2025
(/) Earnings [ ₹3.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 67.59x ]
Thus, for CONFIDENCE FUTURISTIC ENERGETECH , the investors are currently willing to pay 67.59 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 p/e ratio for fiscal years ending Mar2024 to Mar2021 averaged 115.42x.
- CONFIDENCE FUTURISTIC ENERGETECH 's operated at median p/e ratio of 36.34x from fiscal years ending March 2018 to 2022.
- Looking back at the last 4 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 Ratio | Market Cap |
---|---|---|---|
CONFIDENCE FUTURISTIC ENERGETECH | 3.90 | 67.59 | 263.7 |
ADANI TOTAL GAS LTD | 654.72 | 107.68 | 70,497.8 |
GUJARAT GAS LTD | 1,266.59 | 26.06 | 33,004.9 |
INDRAPRASTHA GAS LTD | 1,358.38 | 20.39 | 27,695.5 |
GUJARAT STATE PETRONET LTD | 2,136.63 | 9.07 | 19,389.1 |
MAHANAGAR GAS LTD | 1,057.69 | 12.17 | 12,872.2 |
Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs CONFIDENCE FUTURISTIC ENERGETECH 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 9.07x |
Max industry PE | 107.68x |
Median industry PE | 26.06x |
Average industry PE | 40.49x |
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