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FORBES & COMPANY
PE (Price/Earnings) Ratio

The Current P/E Ratio of FORBES & COMPANY is 23.16.

Share Price ₹477.3Dec 24,2024
Market Cap ₹615.7 Cr
Earnings-TTM₹26.6 CrTTM-Consolidated Results
Price/Earnings23.16xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of FORBES & COMPANY

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 FORBES & COMPANY is calculated as :

Current Market Cap [ ₹615.7 Cr] as on Dec 24,2024

(/) Earnings [ ₹26.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 23.16x ]

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

Thus, for FORBES & COMPANY , the investors are currently willing to pay 23.16 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 FORBES & COMPANY !

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 FORBES & COMPANY over the last five years.

Historical PE (Price/Earnings) ratio chart of FORBES & COMPANY


PE Ratio Performance Analysis for FORBES & COMPANY

- FORBES & COMPANY 's latest p/e ratio is 23.16x.

- FORBES & COMPANY 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.81x.

- FORBES & COMPANY 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, FORBES & COMPANY 's p/e ratio peaked in Mar2023 at 3.93x.

- FORBES & COMPANY 's p/e ratio hit its five-year low in Mar2024 of 0x.


How does FORBES & COMPANY 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
FORBES & COMPANY 26.5823.16615.7
BHARAT ELECTRONICS LTD4,498.6547.52213,774.0
BHARAT HEAVY ELECTRICALS LTD168.85493.3983,308.4
THERMAX LTD732.6972.2152,905.4
TRIVENI TURBINE LTD315.5274.2523,425.9
KIRLOSKAR OIL ENGINES LTD515.8228.5214,712.4
ELECON ENGINEERING COMPANY LTD346.7840.6214,085.6
PRAJ INDUSTRIES LTD300.3649.8614,976.2
SHRIRAM PISTONS & RINGS LTD467.2719.399,060.4
KIRLOSKAR BROTHERS LTD391.9040.3215,802.0
TEGA INDUSTRIES LTD164.0364.3710,558.5

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs FORBES & COMPANY 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 19.39x
Max industry PE 493.39x
Median industry PE 47.52x
Average industry PE 86.69x



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