Home > PE Ratio > JET AIRWAYS (INDIA)

JET AIRWAYS (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of JET AIRWAYS (INDIA) is -0.58.

Share Price ₹34.0Nov 07,2024
Market Cap ₹386.7 Cr
Earnings-TTM₹-662.6 CrTTM-Standalone Results
Price/Earnings-0.58xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for JET AIRWAYS (INDIA)
Please provide your vote to see the results
JET AIRWAYS (INDIA) is part of below Screeners ↓
Best Quarterly Growth Small Cap Stocks

Definition & Calculation of PE (Price/Earnings) ratio of JET AIRWAYS (INDIA)

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 JET AIRWAYS (INDIA) is calculated as :

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 ]

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

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 latest p/e ratio is -0.58x.

- 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 RatioMarket Cap
JET AIRWAYS (INDIA) -662.61-0.58386.7
INTERGLOBE AVIATION LTD6,085.7227.70168,594.0
SPICEJET LTD-463.15-13.736,359.7
TANEJA AEROSPACE & AVIATION LTD14.4860.99883.0
TAAL ENTERPRISES LTD42.9820.26870.9
GLOBAL VECTRA HELICORP LTD-0.87-461.73401.2

Airlines Industry Benchmark (Top 10) PE Analysis vs JET AIRWAYS (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -461.73x
Max industry PE 60.99x
Median industry PE 20.26x
Average industry PE -61.18x



You may also like the below Video Courses