GRINDWELL NORTON
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The Current P/E Ratio of GRINDWELL NORTON is 61.99.
Share Price | ₹2,098.2 | Nov 19,2024 |
Market Cap | ₹23,227.1 Cr | |
Earnings-TTM | ₹374.7 Cr | TTM-Consolidated Results |
Price/Earnings | 61.99x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of GRINDWELL NORTON
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹23,227.1 Cr] as on Nov 19,2024
(/) Earnings [ ₹374.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 61.99x ]
Thus, for GRINDWELL NORTON , the investors are currently willing to pay 61.99 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 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 | 61.99 | 23,227.1 |
CARBORUNDUM UNIVERSAL LTD | 439.77 | 60.98 | 26,815.0 |
WENDT (INDIA) LTD | 41.35 | 73.40 | 3,035.0 |
Abrasives Industry Benchmark (Top 10) PE Analysis vs GRINDWELL NORTON 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 60.98x |
Max industry PE | 73.40x |
Median industry PE | 61.99x |
Average industry PE | 65.45x |
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