GRINDWELL NORTON
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The Current P/E Ratio of GRINDWELL NORTON is 61.78.
| Share Price | ₹2,091.4 | Nov 27,2024 |
| Market Cap | ₹23,151.2 Cr | |
| Earnings-TTM | ₹374.7 Cr | TTM-Consolidated Results |
| Price/Earnings | 61.78x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of GRINDWELL NORTON
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)
Current Market Cap [ ₹23,151.2 Cr] as on Nov 27,2024
(/) Earnings [ ₹374.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 61.78x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for GRINDWELL NORTON , the investors are currently willing to pay 61.78 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 GRINDWELL NORTON !
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 GRINDWELL NORTON over the last five years.
Thus, for GRINDWELL NORTON , the investors are currently willing to pay 61.78 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 GRINDWELL NORTON !
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 GRINDWELL NORTON over the last five years.
Historical PE (Price/Earnings) ratio chart of GRINDWELL NORTON
PE Ratio Performance Analysis for GRINDWELL NORTON
- GRINDWELL NORTON 's latest p/e ratio is 61.78x.
- GRINDWELL NORTON 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 50.30x.
- GRINDWELL NORTON 's operated at median p/e ratio of 54.81x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, GRINDWELL NORTON 's p/e ratio peaked in Mar2022 at 67.39x.
- GRINDWELL NORTON 's p/e ratio hit its five-year low in Mar2020 of 27.87x.
- GRINDWELL NORTON 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 50.30x.
- GRINDWELL NORTON 's operated at median p/e ratio of 54.81x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, GRINDWELL NORTON 's p/e ratio peaked in Mar2022 at 67.39x.
- GRINDWELL NORTON 's p/e ratio hit its five-year low in Mar2020 of 27.87x.
How does GRINDWELL NORTON 's P/E Ratio benchmark against top 10 peers in Abrasives Industry?
| Peer Comparison (Abrasives Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| GRINDWELL NORTON | 374.71 | 61.78 | 23,151.2 |
| CARBORUNDUM UNIVERSAL LTD | 439.77 | 61.89 | 27,218.9 |
| WENDT (INDIA) LTD | 41.35 | 75.34 | 3,115.2 |
Abrasives Industry Benchmark (Top 10) PE Analysis vs GRINDWELL NORTON 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 61.78x |
| Max industry PE | 75.34x |
| Median industry PE | 61.89x |
| Average industry PE | 66.34x |
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