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FORCE MOTORS
PE (Price/Earnings) Ratio

The Current P/E Ratio of FORCE MOTORS is 28.70.

Share Price ₹8,742.8May 31,2024
Market Cap ₹11,540.4 Cr
Earnings-TTM₹402.0 CrTTM-Consolidated Results
Price/Earnings28.70xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of FORCE MOTORS

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 FORCE MOTORS is calculated as :

Current Market Cap [ ₹11,540.4 Cr] as on May 31,2024

(/) Earnings [ ₹402.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 28.70x ]

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

Thus, for FORCE MOTORS , the investors are currently willing to pay 28.70 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 FORCE MOTORS !

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 FORCE MOTORS over the last five years.

Historical PE (Price/Earnings) ratio chart of FORCE MOTORS


PE Ratio Performance Analysis for FORCE MOTORS

- FORCE MOTORS 's latest p/e ratio is 28.70x.

- FORCE MOTORS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.29x.

- FORCE MOTORS 's operated at median p/e ratio of 11.5x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, FORCE MOTORS 's p/e ratio peaked in Mar2020 at 19.32x.

- FORCE MOTORS 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does FORCE MOTORS 's P/E Ratio benchmark against top 10 peers in Automobiles-Trucks/Lcv Industry?

Peer Comparison (Automobiles-Trucks/Lcv Industry)Earnings-TTM (Cr)PE RatioMarket Cap
FORCE MOTORS 402.0428.7011,540.4
TATA MOTORS LTD31,106.909.86306,753.0
ASHOK LEYLAND LTD2,679.9624.5465,776.0
OLECTRA GREENTECH LTD70.66202.8614,334.6
SML ISUZU LTD107.8828.303,052.7

Automobiles-Trucks/Lcv Industry Benchmark (Top 10) PE Analysis vs FORCE MOTORS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.86x
Max industry PE 202.86x
Median industry PE 28.30x
Average industry PE 58.85x



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