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ELECTROTHERM (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of ELECTROTHERM (INDIA) is 3.79.

Share Price ₹1,130.9Jan 02,2025
Market Cap ₹1,436.2 Cr
Earnings-TTM₹379.3 CrTTM-Consolidated Results
Price/Earnings3.79xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ELECTROTHERM (INDIA)

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 ELECTROTHERM (INDIA) is calculated as :

Current Market Cap [ ₹1,436.2 Cr] as on Jan 02,2025

(/) Earnings [ ₹379.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 3.79x ]

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

Thus, for ELECTROTHERM (INDIA) , the investors are currently willing to pay 3.79 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 ELECTROTHERM (INDIA) !

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 ELECTROTHERM (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of ELECTROTHERM (INDIA)


PE Ratio Performance Analysis for ELECTROTHERM (INDIA)

- ELECTROTHERM (INDIA) 's latest p/e ratio is 3.79x.

- ELECTROTHERM (INDIA) 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.92x.

- ELECTROTHERM (INDIA) 's operated at median p/e ratio of 2.17x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELECTROTHERM (INDIA) 's p/e ratio peaked in Mar2020 at 4.54x.

- ELECTROTHERM (INDIA) 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does ELECTROTHERM (INDIA) 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ELECTROTHERM (INDIA) 379.283.791,436.2
JSW STEEL LTD5,231.0042.65223,123.0
TATA STEEL LTD2,576.6866.93172,459.0
JINDAL STAINLESS LTD2,435.4023.1556,382.9
STEEL AUTHORITY OF INDIA LTD1,985.5123.7347,108.6
APL APOLLO TUBES LTD582.9375.5244,023.7
MOTHERSON SUMI WIRING INDIA LTD660.2540.1826,526.7
RATNAMANI METALS & TUBES LTD531.1442.2222,425.2
SHYAM METALICS AND ENERGY LTD837.3924.7120,690.7
WELSPUN CORP LTD849.1025.3121,489.0
JINDAL SAW LTD1,872.139.7118,174.8

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs ELECTROTHERM (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 3.79x
Max industry PE 75.52x
Median industry PE 25.31x
Average industry PE 34.35x



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