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JSW STEEL
PE (Price/Earnings) Ratio

The Current P/E Ratio of JSW STEEL is 18.89.

Share Price ₹886.4May 16,2024
Market Cap ₹216,756.9 Cr
Earnings-TTM₹11,474.0 CrTTM-Consolidated Results
Price/Earnings18.89xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JSW STEEL

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 JSW STEEL is calculated as :

Current Market Cap [ ₹216,756.9 Cr] as on May 16,2024

(/) Earnings [ ₹11,474.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 18.89x ]

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

Thus, for JSW STEEL , the investors are currently willing to pay 18.89 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 JSW STEEL !

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 JSW STEEL over the last five years.

Historical PE (Price/Earnings) ratio chart of JSW STEEL


PE Ratio Performance Analysis for JSW STEEL

- JSW STEEL 's latest p/e ratio is 18.89x.

- JSW STEEL 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 16.11x.

- JSW STEEL 's operated at median p/e ratio of 9.2x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JSW STEEL 's p/e ratio peaked in Mar2023 at 39.85x.

- JSW STEEL 's p/e ratio hit its five-year low in Mar2022 of 8.51x.


How does JSW STEEL 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
JSW STEEL 11,474.0018.89216,756.9
TATA STEEL LTD-3,899.20-53.11207,101.0
JINDAL STAINLESS LTD2,640.3521.3156,269.4
STEEL AUTHORITY OF INDIA LTD2,533.0126.6967,596.0
APL APOLLO TUBES LTD732.4461.7845,250.4
MOTHERSON SUMI WIRING INDIA LTD638.3148.1430,731.1
RATNAMANI METALS & TUBES LTD624.5635.3522,080.0
SHYAM METALICS AND ENERGY LTD1,062.7915.4716,440.9
WELSPUN CORP LTD894.1617.6115,743.2
JINDAL SAW LTD1,591.8910.8517,265.1
MAHARASHTRA SEAMLESS LTD1,131.499.4310,671.7

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs JSW STEEL 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -53.11x
Max industry PE 61.78x
Median industry PE 18.89x
Average industry PE 19.31x



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