FORTIS HEALTHCARE
|
The Current P/E Ratio of FORTIS HEALTHCARE is 75.07.
Share Price | ₹686.8 | Nov 22,2024 |
Market Cap | ₹51,853.4 Cr | |
Earnings-TTM | ₹690.8 Cr | TTM-Consolidated Results |
Price/Earnings | 75.07x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of FORTIS HEALTHCARE
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
FORTIS HEALTHCARE | 690.76 | 75.07 | 51,853.4 |
APOLLO HOSPITALS ENTERPRISE LTD | 1,196.80 | 83.29 | 99,676.6 |
MAX HEALTHCARE INSTITUTE LTD | 1,058.96 | 91.78 | 97,193.8 |
GLOBAL HEALTH LTD | 487.97 | 61.31 | 29,916.2 |
NARAYANA HRUDAYALAYA LTD | 779.18 | 33.36 | 25,991.6 |
ASTER DM HEALTHCARE LTD | 454.35 | 47.53 | 21,596.4 |
DR LAL PATHLABS LTD | 406.60 | 62.85 | 25,556.4 |
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD | 364.19 | 65.41 | 23,820.3 |
RAINBOW CHILDRENS MEDICARE LTD | 232.37 | 69.29 | 16,100.0 |
METROPOLIS HEALTHCARE LTD | 148.62 | 71.13 | 10,571.8 |
JUPITER LIFE LINE HOSPITALS LTD | 185.05 | 54.06 | 10,003.4 |
Hospital & Healthcare Services Industry Benchmark (Top 10) PE Analysis vs FORTIS HEALTHCARE 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 33.36x |
Max industry PE | 91.78x |
Median industry PE | 65.41x |
Average industry PE | 65.01x |
You may also like the below Video Courses