GLOBE TEXTILES (INDIA)
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The Current P/E Ratio of GLOBE TEXTILES (INDIA) is 18.14.
Share Price | ₹4.8 | Nov 12,2024 |
Market Cap | ₹142.9 Cr | |
Earnings-TTM | ₹7.9 Cr | TTM-Standalone Results |
Price/Earnings | 18.14x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of GLOBE TEXTILES (INDIA)
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹142.9 Cr] as on Nov 12,2024
(/) Earnings [ ₹7.9 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 18.14x ]
Thus, for GLOBE TEXTILES (INDIA) , the investors are currently willing to pay 18.14 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 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 Ratio | Market Cap |
---|---|---|---|
GLOBE TEXTILES (INDIA) | 7.88 | 18.14 | 142.9 |
PAGE INDUSTRIES LTD | 621.04 | 84.55 | 52,505.7 |
KPR MILL LTD | 808.98 | 39.16 | 31,682.7 |
VEDANT FASHIONS LTD | 402.90 | 82.54 | 33,253.5 |
SWAN ENERGY LTD | 708.82 | 23.66 | 16,771.5 |
WELSPUN LIVING LTD | 697.59 | 21.22 | 14,799.7 |
ALOK INDUSTRIES LTD | -913.83 | -11.47 | 10,481.6 |
VARDHMAN TEXTILES LTD | 751.84 | 18.64 | 14,012.0 |
ARVIND LTD | 305.09 | 29.78 | 9,084.7 |
GARWARE TECHNICAL FIBRES LTD | 211.98 | 37.26 | 7,897.8 |
JINDAL WORLDWIDE LTD | 80.03 | 74.49 | 5,961.5 |
Textile Industry Benchmark (Top 10) PE Analysis vs GLOBE TEXTILES (INDIA) 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -11.47x |
Max industry PE | 84.55x |
Median industry PE | 29.78x |
Average industry PE | 38.00x |
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