GOODYEAR INDIA
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The Current P/E Ratio of GOODYEAR INDIA is 41.07.
Share Price | ₹1,038.8 | Nov 29,2024 |
Market Cap | ₹2,399.5 Cr | |
Earnings-TTM | ₹58.4 Cr | TTM-Standalone Results |
Price/Earnings | 41.07x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of GOODYEAR INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,399.5 Cr] as on Nov 29,2024
(/) Earnings [ ₹58.4 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 41.07x ]
Thus, for GOODYEAR INDIA , the investors are currently willing to pay 41.07 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 GOODYEAR 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 GOODYEAR INDIA over the last five years.
Historical PE (Price/Earnings) ratio chart of GOODYEAR INDIA
PE Ratio Performance Analysis for GOODYEAR INDIA
- GOODYEAR INDIA 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 19.51x.
- GOODYEAR INDIA 's operated at median p/e ratio of 19.9x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, GOODYEAR INDIA 's p/e ratio peaked in Mar2024 at 26.81x.
- GOODYEAR INDIA 's p/e ratio hit its five-year low in Mar2021 of 15.09x.
How does GOODYEAR INDIA 's P/E Ratio benchmark against top 10 peers in Tyres & Allied Industry?
Peer Comparison (Tyres & Allied Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
GOODYEAR INDIA | 58.42 | 41.07 | 2,399.5 |
MRF LTD | 1,947.54 | 27.26 | 53,088.2 |
BALKRISHNA INDUSTRIES LTD | 1,629.10 | 32.97 | 53,706.4 |
APOLLO TYRES LTD | 1,449.83 | 22.33 | 32,380.6 |
JK TYRE & INDUSTRIES LTD | 757.88 | 13.81 | 10,467.6 |
CEAT LTD | 530.70 | 23.46 | 12,449.3 |
TVS SRICHAKRA LTD | 64.64 | 44.51 | 2,877.1 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs GOODYEAR INDIA 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 13.81x |
Max industry PE | 44.51x |
Median industry PE | 27.26x |
Average industry PE | 29.34x |
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