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ELNET TECHNOLOGIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of ELNET TECHNOLOGIES is 8.65.

Share Price ₹374.2Nov 22,2024
Market Cap ₹149.7 Cr
Earnings-TTM₹17.3 CrTTM-Standalone Results
Price/Earnings8.65xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ELNET TECHNOLOGIES

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 ELNET TECHNOLOGIES is calculated as :

Current Market Cap [ ₹149.7 Cr] as on Nov 22,2024

(/) Earnings [ ₹17.3 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 8.65x ]

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

Thus, for ELNET TECHNOLOGIES , the investors are currently willing to pay 8.65 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 ELNET TECHNOLOGIES !

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 ELNET TECHNOLOGIES over the last five years.

Historical PE (Price/Earnings) ratio chart of ELNET TECHNOLOGIES


PE Ratio Performance Analysis for ELNET TECHNOLOGIES

- ELNET TECHNOLOGIES 's latest p/e ratio is 8.65x.

- ELNET TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 4.85x.

- ELNET TECHNOLOGIES 's operated at median p/e ratio of 4.67x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELNET TECHNOLOGIES 's p/e ratio peaked in Mar2024 at 7.56x.

- ELNET TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2020 of 2.95x.


How does ELNET TECHNOLOGIES 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ELNET TECHNOLOGIES 17.318.65149.7
TATA CONSULTANCY SERVICES LTD47,659.0032.231,536,150.0
INFOSYS LTD26,978.0029.29790,152.0
HCL TECHNOLOGIES LTD16,842.0030.60515,339.0
WIPRO LTD11,846.8025.23298,942.0
LTIMINDTREE LTD4,656.7038.98181,534.0
TECH MAHINDRA LTD3,295.8051.89171,034.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD2,495.3340.09100,044.0
PERSISTENT SYSTEMS LTD1,232.8772.3689,208.8
L&T TECHNOLOGY SERVICES LTD1,312.1042.7956,147.3
TATA ELXSI LTD816.8850.2141,013.9

IT - Software Industry Benchmark (Top 10) PE Analysis vs ELNET TECHNOLOGIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 8.65x
Max industry PE 72.36x
Median industry PE 38.98x
Average industry PE 38.39x



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