HCL TECHNOLOGIES
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The Current P/E Ratio of HCL TECHNOLOGIES is 23.12.
Share Price | ₹1,338.7 | May 18,2024 |
Market Cap | ₹363,269.5 Cr | |
Earnings-TTM | ₹15,710.0 Cr | TTM-Consolidated Results |
Price/Earnings | 23.12x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of HCL TECHNOLOGIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹363,269.5 Cr] as on May 18,2024
(/) Earnings [ ₹15,710.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 23.12x ]
Thus, for HCL TECHNOLOGIES , the investors are currently willing to pay 23.12 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 HCL TECHNOLOGIES !
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 HCL TECHNOLOGIES over the last five years.
Historical PE (Price/Earnings) ratio chart of HCL TECHNOLOGIES
PE Ratio Performance Analysis for HCL TECHNOLOGIES
- HCL TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 17.04x.
- HCL TECHNOLOGIES 's operated at median p/e ratio of 19.86x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HCL TECHNOLOGIES 's p/e ratio peaked in Mar2021 at 23.96x.
- HCL TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2019 of 7.28x.
How does HCL TECHNOLOGIES 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
HCL TECHNOLOGIES | 15,710.00 | 23.12 | 363,269.5 |
TATA CONSULTANCY SERVICES LTD | 46,099.00 | 30.22 | 1,392,960.0 |
INFOSYS LTD | 26,248.00 | 22.84 | 599,376.0 |
WIPRO LTD | 11,135.40 | 21.71 | 241,720.0 |
LTIMINDTREE LTD | 4,584.60 | 30.69 | 140,704.0 |
TECH MAHINDRA LTD | 2,386.30 | 53.45 | 127,538.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,219.36 | 30.46 | 67,592.5 |
PERSISTENT SYSTEMS LTD | 1,093.49 | 49.70 | 54,345.8 |
L&T TECHNOLOGY SERVICES LTD | 1,306.20 | 36.05 | 47,088.5 |
TATA ELXSI LTD | 792.24 | 57.47 | 45,530.9 |
MPHASIS LTD | 1,554.82 | 28.22 | 43,877.3 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs HCL TECHNOLOGIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 21.71x |
Max industry PE | 57.47x |
Median industry PE | 30.46x |
Average industry PE | 34.90x |
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