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JK TYRE & INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of JK TYRE & INDUSTRIES is 13.64.

Share Price ₹292.9Apr 03,2025
Market Cap ₹8,024.1 Cr
Earnings-TTM₹588.3 CrTTM-Consolidated Results
Price/Earnings13.64xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JK TYRE & INDUSTRIES

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 JK TYRE & INDUSTRIES is calculated as :

Current Market Cap [ ₹8,024.1 Cr] as on Apr 03,2025

(/) Earnings [ ₹588.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 13.64x ]

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

Thus, for JK TYRE & INDUSTRIES , the investors are currently willing to pay 13.64 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 JK TYRE & INDUSTRIES !

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 JK TYRE & INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of JK TYRE & INDUSTRIES


PE Ratio Performance Analysis for JK TYRE & INDUSTRIES

- JK TYRE & INDUSTRIES 's latest p/e ratio is 13.64x.

- JK TYRE & INDUSTRIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 11.53x.

- JK TYRE & INDUSTRIES 's operated at median p/e ratio of 13.75x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JK TYRE & INDUSTRIES 's p/e ratio peaked in Mar2023 at 14.54x.

- JK TYRE & INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 6.66x.


How does JK TYRE & INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Earnings-TTM (Cr)PE RatioMarket Cap
JK TYRE & INDUSTRIES 588.2613.648,024.1
BALKRISHNA INDUSTRIES LTD1,773.1627.0547,970.7
MRF LTD1,753.2927.7848,699.8
APOLLO TYRES LTD1,290.2920.8326,880.7
CEAT LTD449.2025.9111,639.9
TVS SRICHAKRA LTD34.5960.072,077.9
GOODYEAR INDIA LTD46.0442.191,942.6
TOLINS TYRES LTD40.1612.17488.9

Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs JK TYRE & INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 12.17x
Max industry PE 60.07x
Median industry PE 27.05x
Average industry PE 28.71x



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