GOODYEAR INDIA
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The Current P/E Ratio of GOODYEAR INDIA is 41.76.
Share Price | ₹832.3 | Mar 10,2025 |
Market Cap | ₹1,922.5 Cr | |
Earnings-TTM | ₹46.0 Cr | TTM-Standalone Results |
Price/Earnings | 41.76x | Calculated as Market Cap/Earnings |
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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 [ ₹1,922.5 Cr] as on Mar 10,2025
(/) Earnings [ ₹46.0 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 41.76x ]
Thus, for GOODYEAR INDIA , the investors are currently willing to pay 41.76 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 | 46.04 | 41.76 | 1,922.5 |
BALKRISHNA INDUSTRIES LTD | 1,773.16 | 27.88 | 49,442.8 |
MRF LTD | 1,753.29 | 25.78 | 45,192.4 |
APOLLO TYRES LTD | 1,290.29 | 20.08 | 25,912.1 |
CEAT LTD | 449.20 | 23.25 | 10,446.0 |
JK TYRE & INDUSTRIES LTD | 588.26 | 12.66 | 7,446.5 |
TVS SRICHAKRA LTD | 34.59 | 59.28 | 2,050.4 |
TOLINS TYRES LTD | 40.16 | 11.92 | 478.7 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs GOODYEAR INDIA 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 11.92x |
Max industry PE | 59.28x |
Median industry PE | 25.78x |
Average industry PE | 27.83x |
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