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GLOBE TEXTILES (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of GLOBE TEXTILES (INDIA) is 24.68.

Share Price ₹5.2Sep 19,2024
Market Cap ₹154.7 Cr
Earnings-TTM₹6.3 CrTTM-Standalone Results
Price/Earnings24.68xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GLOBE TEXTILES (INDIA)

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 GLOBE TEXTILES (INDIA) is calculated as :

Current Market Cap [ ₹154.7 Cr] as on Sep 19,2024

(/) Earnings [ ₹6.3 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 24.68x ]

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

Thus, for GLOBE TEXTILES (INDIA) , the investors are currently willing to pay 24.68 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 GLOBE TEXTILES (INDIA) !

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 GLOBE TEXTILES (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of GLOBE TEXTILES (INDIA)


PE Ratio Performance Analysis for GLOBE TEXTILES (INDIA)

- GLOBE TEXTILES (INDIA) 's latest p/e ratio is 24.68x.

- GLOBE TEXTILES (INDIA) 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.67x.

- GLOBE TEXTILES (INDIA) 's operated at median p/e ratio of 8.05x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GLOBE TEXTILES (INDIA) 's p/e ratio peaked in Mar2022 at 26.04x.

- GLOBE TEXTILES (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 0.56x.


How does GLOBE TEXTILES (INDIA) 's P/E Ratio benchmark against top 10 peers in Textile Industry?

Peer Comparison (Textile Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GLOBE TEXTILES (INDIA) 6.2724.68154.7
PAGE INDUSTRIES LTD576.0683.2347,944.2
KPR MILL LTD805.8239.7332,017.7
VEDANT FASHIONS LTD384.7280.7431,063.1
SWAN ENERGY LTD708.8225.3517,968.9
WELSPUN LIVING LTD695.5724.4417,001.0
ALOK INDUSTRIES LTD-826.59-15.2812,626.6
VARDHMAN TEXTILES LTD693.2820.4514,175.3
ARVIND LTD326.4831.6210,324.0
GARWARE TECHNICAL FIBRES LTD211.9837.397,925.7
JINDAL WORLDWIDE LTD80.0386.906,954.1

Textile Industry Benchmark (Top 10) PE Analysis vs GLOBE TEXTILES (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -15.28x
Max industry PE 86.90x
Median industry PE 31.62x
Average industry PE 39.93x



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