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FORBES & COMPANY
PE (Price/Earnings) Ratio

The Current P/E Ratio of FORBES & COMPANY is 24.12.

Share Price ₹497.0Nov 22,2024
Market Cap ₹641.1 Cr
Earnings-TTM₹26.6 CrTTM-Consolidated Results
Price/Earnings24.12xCalculated 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 [ ₹641.1 Cr] as on Nov 22,2024

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

(=) P/E Ratio [ 24.12x ]

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 24.12 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 24.12x.

- 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 26.5824.12641.1
BHARAT ELECTRONICS LTD4,498.6545.63205,259.0
BHARAT HEAVY ELECTRICALS LTD168.85483.3981,619.6
THERMAX LTD732.6973.0053,483.9
TRIVENI TURBINE LTD315.5269.1721,825.4
KIRLOSKAR OIL ENGINES LTD515.8230.0015,472.6
ELECON ENGINEERING COMPANY LTD346.7836.2912,584.3
PRAJ INDUSTRIES LTD300.3647.8114,361.3
SHRIRAM PISTONS & RINGS LTD467.2718.768,765.7
KIRLOSKAR BROTHERS LTD391.9044.0817,276.2
TEGA INDUSTRIES LTD164.0369.1211,338.0

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

Top 10 Industry PeersPE Ratio
Min industry PE 18.76x
Max industry PE 483.39x
Median industry PE 45.63x
Average industry PE 85.58x



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