HERO MOTOCORP
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The Current P/E Ratio of HERO MOTOCORP is 26.41.
Share Price | ₹5,102.8 | May 18,2024 |
Market Cap | ₹102,004.0 Cr | |
Earnings-TTM | ₹3,862.4 Cr | TTM-Consolidated Results |
Price/Earnings | 26.41x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of HERO MOTOCORP
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹102,004.0 Cr] as on May 18,2024
(/) Earnings [ ₹3,862.4 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 26.41x ]
Thus, for HERO MOTOCORP , the investors are currently willing to pay 26.41 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 HERO MOTOCORP !
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 HERO MOTOCORP over the last five years.
Historical PE (Price/Earnings) ratio chart of HERO MOTOCORP
PE Ratio Performance Analysis for HERO MOTOCORP
- HERO MOTOCORP 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 16.01x.
- HERO MOTOCORP 's operated at median p/e ratio of 16.69x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HERO MOTOCORP 's p/e ratio peaked in Mar2021 at 19.96x.
- HERO MOTOCORP 's p/e ratio hit its five-year low in Mar2020 of 8.75x.
How does HERO MOTOCORP 's P/E Ratio benchmark against top 10 peers in Automobile Two & Three Wheelers Industry?
Peer Comparison (Automobile Two & Three Wheelers Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
HERO MOTOCORP | 3,862.41 | 26.41 | 102,004.0 |
BAJAJ AUTO LTD | 7,435.15 | 33.09 | 246,038.0 |
EICHER MOTORS LTD | 3,553.29 | 36.07 | 128,168.0 |
TVS MOTOR COMPANY LTD | 1,822.01 | 57.12 | 104,080.0 |
WARDWIZARD INNOVATIONS & MOBILITY LTD | 13.44 | 104.22 | 1,400.5 |
ATUL AUTO LTD | 7.07 | 219.20 | 1,549.8 |
Automobile Two & Three Wheelers Industry Benchmark (Top 10) PE Analysis vs HERO MOTOCORP 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 26.41x |
Max industry PE | 219.20x |
Median industry PE | 57.12x |
Average industry PE | 79.35x |
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