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FORTIS HEALTHCARE
PE (Price/Earnings) Ratio

The Current P/E Ratio of FORTIS HEALTHCARE is 75.07.

Share Price ₹686.8Nov 22,2024
Market Cap ₹51,853.4 Cr
Earnings-TTM₹690.8 CrTTM-Consolidated Results
Price/Earnings75.07xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of FORTIS HEALTHCARE

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 FORTIS HEALTHCARE is calculated as :

Current Market Cap [ ₹51,853.4 Cr] as on Nov 22,2024

(/) Earnings [ ₹690.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 75.07x ]

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

Thus, for FORTIS HEALTHCARE , the investors are currently willing to pay 75.07 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 FORTIS HEALTHCARE !

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 FORTIS HEALTHCARE over the last five years.

Historical PE (Price/Earnings) ratio chart of FORTIS HEALTHCARE


PE Ratio Performance Analysis for FORTIS HEALTHCARE

- FORTIS HEALTHCARE 's latest p/e ratio is 75.07x.

- FORTIS HEALTHCARE 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 58.00x.

- FORTIS HEALTHCARE 's operated at median p/e ratio of 39.49x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, FORTIS HEALTHCARE 's p/e ratio peaked in Mar2020 at 164.25x.

- FORTIS HEALTHCARE 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does FORTIS HEALTHCARE 's P/E Ratio benchmark against top 10 peers in Hospital & Healthcare Services Industry?

Peer Comparison (Hospital & Healthcare Services Industry)Earnings-TTM (Cr)PE RatioMarket Cap
FORTIS HEALTHCARE 690.7675.0751,853.4
APOLLO HOSPITALS ENTERPRISE LTD1,196.8083.2999,676.6
MAX HEALTHCARE INSTITUTE LTD1,058.9691.7897,193.8
GLOBAL HEALTH LTD487.9761.3129,916.2
NARAYANA HRUDAYALAYA LTD779.1833.3625,991.6
ASTER DM HEALTHCARE LTD454.3547.5321,596.4
DR LAL PATHLABS LTD406.6062.8525,556.4
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD364.1965.4123,820.3
RAINBOW CHILDRENS MEDICARE LTD232.3769.2916,100.0
METROPOLIS HEALTHCARE LTD148.6271.1310,571.8
JUPITER LIFE LINE HOSPITALS LTD185.0554.0610,003.4

Hospital & Healthcare Services Industry Benchmark (Top 10) PE Analysis vs FORTIS HEALTHCARE 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 33.36x
Max industry PE 91.78x
Median industry PE 65.41x
Average industry PE 65.01x



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