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DEEP ENERGY RESOURCES
PE (Price/Earnings) Ratio

The Current P/E Ratio of DEEP ENERGY RESOURCES is -617.78.

Share Price ₹310.1Sep 24,2024
Market Cap ₹992.2 Cr
Earnings-TTM₹-1.6 CrTTM-Consolidated Results
Price/Earnings-617.78xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of DEEP ENERGY RESOURCES

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 DEEP ENERGY RESOURCES is calculated as :

Current Market Cap [ ₹992.2 Cr] as on Sep 24,2024

(/) Earnings [ ₹-1.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -617.78x ]

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

Thus, for DEEP ENERGY RESOURCES , the investors are currently willing to pay -617.78 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 DEEP ENERGY RESOURCES !

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 DEEP ENERGY RESOURCES over the last five years.

Historical PE (Price/Earnings) ratio chart of DEEP ENERGY RESOURCES


PE Ratio Performance Analysis for DEEP ENERGY RESOURCES

- DEEP ENERGY RESOURCES 's latest p/e ratio is -617.78x.

- DEEP ENERGY RESOURCES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 783.16x.

- DEEP ENERGY RESOURCES 's operated at median p/e ratio of 347.08x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DEEP ENERGY RESOURCES 's p/e ratio peaked in Mar2019 at 2642.59x.

- DEEP ENERGY RESOURCES 's p/e ratio hit its five-year low in Mar2023 of 164.52x.


How does DEEP ENERGY RESOURCES 's P/E Ratio benchmark against top 10 peers in Oil Exploration Industry?

Peer Comparison (Oil Exploration Industry)Earnings-TTM (Cr)PE RatioMarket Cap
DEEP ENERGY RESOURCES -1.61-617.78992.2
OIL & NATURAL GAS CORPORATION LTD40,937.907.54308,783.0
OIL INDIA LTD8,260.909.9982,501.5
HINDUSTAN OIL EXPLORATION COMPANY LTD168.6514.692,476.9
JINDAL DRILLING & INDUSTRIES LTD101.7221.222,158.2
ASIAN ENERGY SERVICES LTD36.4839.611,445.1
SELAN EXPLORATION TECHNOLOGY LTD57.8322.511,301.7
ABAN OFFSHORE LTD-1,018.24-0.36362.1
GUJARAT NATURAL RESOURCES LTD-1.73-118.73205.5
AAKASH EXPLORATION SERVICES LTD5.2220.81108.5

Oil Exploration Industry Benchmark (Top 10) PE Analysis vs DEEP ENERGY RESOURCES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -617.78x
Max industry PE 39.61x
Median industry PE 14.69x
Average industry PE -60.05x



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