GUJARAT GAS
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The Current P/E Ratio of GUJARAT GAS is 24.50.
Share Price | ₹450.8 | Nov 19,2024 |
Market Cap | ₹31,033.1 Cr | |
Earnings-TTM | ₹1,266.6 Cr | TTM-Consolidated Results |
Price/Earnings | 24.50x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of GUJARAT GAS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
GUJARAT GAS | 1,266.59 | 24.50 | 31,033.1 |
ADANI TOTAL GAS LTD | 684.68 | 96.76 | 66,247.1 |
INDRAPRASTHA GAS LTD | 1,504.57 | 14.46 | 21,763.0 |
GUJARAT STATE PETRONET LTD | 2,136.63 | 8.77 | 18,731.8 |
MAHANAGAR GAS LTD | 1,149.50 | 9.67 | 11,121.4 |
CONFIDENCE FUTURISTIC ENERGETECH LTD | 3.90 | 46.03 | 179.6 |
Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs GUJARAT GAS 's P/E Ratio
Top 10 Industry Peers | PE 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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