JET AIRWAYS (INDIA)
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The Current P/E Ratio of JET AIRWAYS (INDIA) is -0.58.
Share Price | ₹34.0 | Nov 07,2024 |
Market Cap | ₹386.7 Cr | |
Earnings-TTM | ₹-662.6 Cr | TTM-Standalone Results |
Price/Earnings | -0.58x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of JET AIRWAYS (INDIA)
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹386.7 Cr] as on Nov 07,2024
(/) Earnings [ ₹-662.6 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ -0.58x ]
Thus, for JET AIRWAYS (INDIA) , the investors are currently willing to pay -0.58 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 JET AIRWAYS (INDIA) !
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 JET AIRWAYS (INDIA) over the last five years.
Historical PE (Price/Earnings) ratio chart of JET AIRWAYS (INDIA)
PE Ratio Performance Analysis for JET AIRWAYS (INDIA)
- JET AIRWAYS (INDIA) 's p/e ratio for fiscal years ending Mar2020 to Mar2016 averaged 1.86x.
- JET AIRWAYS (INDIA) '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, JET AIRWAYS (INDIA) 's p/e ratio peaked in Mar2016 at 5.29x.
- JET AIRWAYS (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 0x.
How does JET AIRWAYS (INDIA) 's P/E Ratio benchmark against top 10 peers in Airlines Industry?
Peer Comparison (Airlines Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
JET AIRWAYS (INDIA) | -662.61 | -0.58 | 386.7 |
INTERGLOBE AVIATION LTD | 6,085.72 | 27.70 | 168,594.0 |
SPICEJET LTD | -463.15 | -13.73 | 6,359.7 |
TANEJA AEROSPACE & AVIATION LTD | 14.48 | 60.99 | 883.0 |
TAAL ENTERPRISES LTD | 42.98 | 20.26 | 870.9 |
GLOBAL VECTRA HELICORP LTD | -0.87 | -461.73 | 401.2 |
Airlines Industry Benchmark (Top 10) PE Analysis vs JET AIRWAYS (INDIA) 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -461.73x |
Max industry PE | 60.99x |
Median industry PE | 20.26x |
Average industry PE | -61.18x |
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