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GRINDWELL NORTON
PE (Price/Earnings) Ratio

The Current P/E Ratio of GRINDWELL NORTON is 61.99.

Share Price ₹2,098.2Nov 19,2024
Market Cap ₹23,227.1 Cr
Earnings-TTM₹374.7 CrTTM-Consolidated Results
Price/Earnings61.99xCalculated as Market Cap/Earnings
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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)

Applying the above formula, P/E ratio of GRINDWELL NORTON is calculated as :

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 ]

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 61.99 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 latest p/e ratio is 61.99x.

- 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 RatioMarket Cap
GRINDWELL NORTON 374.7161.9923,227.1
CARBORUNDUM UNIVERSAL LTD439.7760.9826,815.0
WENDT (INDIA) LTD41.3573.403,035.0

Abrasives Industry Benchmark (Top 10) PE Analysis vs GRINDWELL NORTON 's P/E Ratio

Top 10 Industry PeersPE 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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