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JK TYRE & INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of JK TYRE & INDUSTRIES is 14.09.

Share Price ₹389.6Dec 03,2024
Market Cap ₹10,675.0 Cr
Earnings-TTM₹757.9 CrTTM-Consolidated Results
Price/Earnings14.09xCalculated 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 [ ₹10,675.0 Cr] as on Dec 03,2024

(/) Earnings [ ₹757.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 14.09x ]

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 14.09 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 14.09x.

- 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 757.8814.0910,675.0
MRF LTD1,947.5427.3353,235.4
BALKRISHNA INDUSTRIES LTD1,629.1033.7254,929.1
APOLLO TYRES LTD1,449.8322.8433,107.8
CEAT LTD530.7023.6312,542.0
TVS SRICHAKRA LTD64.6446.252,989.6
GOODYEAR INDIA LTD58.4240.752,380.6

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

Top 10 Industry PeersPE Ratio
Min industry PE 14.09x
Max industry PE 46.25x
Median industry PE 27.33x
Average industry PE 29.80x



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