DEEP ENERGY RESOURCES
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The Current P/E Ratio of DEEP ENERGY RESOURCES is -617.78.
Share Price | ₹310.1 | Sep 24,2024 |
Market Cap | ₹992.2 Cr | |
Earnings-TTM | ₹-1.6 Cr | TTM-Consolidated Results |
Price/Earnings | -617.78x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of DEEP ENERGY RESOURCES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
DEEP ENERGY RESOURCES | -1.61 | -617.78 | 992.2 |
OIL & NATURAL GAS CORPORATION LTD | 40,937.90 | 7.89 | 322,999.0 |
OIL INDIA LTD | 8,260.90 | 9.65 | 79,752.6 |
HINDUSTAN OIL EXPLORATION COMPANY LTD | 168.65 | 15.00 | 2,529.8 |
JINDAL DRILLING & INDUSTRIES LTD | 101.72 | 24.33 | 2,474.7 |
ASIAN ENERGY SERVICES LTD | 36.48 | 41.71 | 1,521.7 |
SELAN EXPLORATION TECHNOLOGY LTD | 57.83 | 23.22 | 1,342.6 |
ABAN OFFSHORE LTD | -1,018.24 | -0.37 | 377.1 |
GUJARAT NATURAL RESOURCES LTD | -1.73 | -114.65 | 198.5 |
AAKASH EXPLORATION SERVICES LTD | 5.22 | 21.19 | 110.6 |
Oil Exploration Industry Benchmark (Top 10) PE Analysis vs DEEP ENERGY RESOURCES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -617.78x |
Max industry PE | 41.71x |
Median industry PE | 15.00x |
Average industry PE | -58.98x |
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