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IDEAFORGE TECHNOLOGY
PE (Price/Earnings) Ratio

The Current P/E Ratio of IDEAFORGE TECHNOLOGY is 110.37.

Share Price ₹698.2Sep 06,2024
Market Cap ₹3,002.0 Cr
Earnings-TTM₹27.2 CrTTM-Consolidated Results
Price/Earnings110.37xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of IDEAFORGE TECHNOLOGY

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 IDEAFORGE TECHNOLOGY is calculated as :

Current Market Cap [ ₹3,002.0 Cr] as on Sep 06,2024

(/) Earnings [ ₹27.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 110.37x ]

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

Thus, for IDEAFORGE TECHNOLOGY , the investors are currently willing to pay 110.37 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 IDEAFORGE TECHNOLOGY !

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 IDEAFORGE TECHNOLOGY over the last five years.

Historical PE (Price/Earnings) ratio chart of IDEAFORGE TECHNOLOGY


PE Ratio Performance Analysis for IDEAFORGE TECHNOLOGY

- IDEAFORGE TECHNOLOGY 's latest p/e ratio is 110.37x.

- IDEAFORGE TECHNOLOGY 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 13.03x.

- IDEAFORGE TECHNOLOGY 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, IDEAFORGE TECHNOLOGY 's p/e ratio peaked in Mar2024 at 65.14x.

- IDEAFORGE TECHNOLOGY 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does IDEAFORGE TECHNOLOGY 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
IDEAFORGE TECHNOLOGY 27.20110.373,002.0
BHARAT ELECTRONICS LTD4,195.5049.42207,342.0
BHARAT HEAVY ELECTRICALS LTD-170.75-537.9691,856.8
THERMAX LTD693.5174.3651,571.4
TRIVENI TURBINE LTD288.7282.0523,689.8
KIRLOSKAR OIL ENGINES LTD469.2940.9019,195.1
ELECON ENGINEERING COMPANY LTD348.0139.7413,829.8
PRAJ INDUSTRIES LTD308.9043.7513,514.9
SHRIRAM PISTONS & RINGS LTD454.3921.589,807.9
KIRLOSKAR BROTHERS LTD344.3037.9813,077.5
TEGA INDUSTRIES LTD204.4955.8511,420.2

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs IDEAFORGE TECHNOLOGY 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -537.96x
Max industry PE 110.37x
Median industry PE 43.75x
Average industry PE 1.64x



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