IDEAFORGE TECHNOLOGY
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The Current P/E Ratio of IDEAFORGE TECHNOLOGY is 110.37.
Share Price | ₹698.2 | Sep 06,2024 |
Market Cap | ₹3,002.0 Cr | |
Earnings-TTM | ₹27.2 Cr | TTM-Consolidated Results |
Price/Earnings | 110.37x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of IDEAFORGE TECHNOLOGY
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
IDEAFORGE TECHNOLOGY | 27.20 | 110.37 | 3,002.0 |
BHARAT ELECTRONICS LTD | 4,195.50 | 49.42 | 207,342.0 |
BHARAT HEAVY ELECTRICALS LTD | -170.75 | -537.96 | 91,856.8 |
THERMAX LTD | 693.51 | 74.36 | 51,571.4 |
TRIVENI TURBINE LTD | 288.72 | 82.05 | 23,689.8 |
KIRLOSKAR OIL ENGINES LTD | 469.29 | 40.90 | 19,195.1 |
ELECON ENGINEERING COMPANY LTD | 348.01 | 39.74 | 13,829.8 |
PRAJ INDUSTRIES LTD | 308.90 | 43.75 | 13,514.9 |
SHRIRAM PISTONS & RINGS LTD | 454.39 | 21.58 | 9,807.9 |
KIRLOSKAR BROTHERS LTD | 344.30 | 37.98 | 13,077.5 |
TEGA INDUSTRIES LTD | 204.49 | 55.85 | 11,420.2 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs IDEAFORGE TECHNOLOGY 's P/E Ratio
Top 10 Industry Peers | PE 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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