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GUJARAT GAS
PE (Price/Earnings) Ratio

The Current P/E Ratio of GUJARAT GAS is 24.50.

Share Price ₹450.8Nov 19,2024
Market Cap ₹31,033.1 Cr
Earnings-TTM₹1,266.6 CrTTM-Consolidated Results
Price/Earnings24.50xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GUJARAT GAS

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 GUJARAT GAS is calculated as :

Current Market Cap [ ₹31,033.1 Cr] as on Nov 19,2024

(/) Earnings [ ₹1,266.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 24.50x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for GUJARAT GAS , the investors are currently willing to pay 24.50 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 GUJARAT GAS !

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 GUJARAT GAS over the last five years.

Historical PE (Price/Earnings) ratio chart of GUJARAT GAS


PE Ratio Performance Analysis for GUJARAT GAS

- GUJARAT GAS 's latest p/e ratio is 24.50x.

- GUJARAT GAS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 24.70x.

- GUJARAT GAS 's operated at median p/e ratio of 26.88x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GUJARAT GAS 's p/e ratio peaked in Mar2024 at 32.76x.

- GUJARAT GAS 's p/e ratio hit its five-year low in Mar2020 of 13.36x.


How does GUJARAT GAS 's P/E Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?

Peer Comparison (Gas Transmission/Marketing Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GUJARAT GAS 1,266.5924.5031,033.1
ADANI TOTAL GAS LTD684.6896.7666,247.1
INDRAPRASTHA GAS LTD1,504.5714.4621,763.0
GUJARAT STATE PETRONET LTD2,136.638.7718,731.8
MAHANAGAR GAS LTD1,149.509.6711,121.4
CONFIDENCE FUTURISTIC ENERGETECH LTD3.9046.03179.6

Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs GUJARAT GAS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 8.77x
Max industry PE 96.76x
Median industry PE 24.50x
Average industry PE 33.37x



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