LARSEN & TOUBRO
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The Current P/E Ratio of LARSEN & TOUBRO is 30.59.
Share Price | ₹3,464.3 | May 18,2024 |
Market Cap | ₹476,265.1 Cr | |
Earnings-TTM | ₹15,569.7 Cr | TTM-Consolidated Results |
Price/Earnings | 30.59x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of LARSEN & TOUBRO
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹476,265.1 Cr] as on May 18,2024
(/) Earnings [ ₹15,569.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 30.59x ]
Thus, for LARSEN & TOUBRO , the investors are currently willing to pay 30.59 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 LARSEN & TOUBRO !
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 LARSEN & TOUBRO over the last five years.
Historical PE (Price/Earnings) ratio chart of LARSEN & TOUBRO
PE Ratio Performance Analysis for LARSEN & TOUBRO
- LARSEN & TOUBRO 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 21.71x.
- LARSEN & TOUBRO 's operated at median p/e ratio of 21.8x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, LARSEN & TOUBRO 's p/e ratio peaked in Mar2023 at 29.06x.
- LARSEN & TOUBRO 's p/e ratio hit its five-year low in Mar2020 of 11.86x.
How does LARSEN & TOUBRO 's P/E Ratio benchmark against top 10 peers in Engineering - Construction Industry?
Peer Comparison (Engineering - Construction Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
LARSEN & TOUBRO | 15,569.70 | 30.59 | 476,265.1 |
RAIL VIKAS NIGAM LTD | 1,469.55 | 42.51 | 62,477.6 |
GMR AIRPORTS INFRASTRUCTURE LTD | -1,531.32 | -33.86 | 51,854.8 |
IRB INFRASTRUCTURE DEVELOPERS LTD | 920.67 | 45.17 | 41,590.6 |
IRCON INTERNATIONAL LTD | 865.98 | 29.71 | 25,727.8 |
KEC INTERNATIONAL LTD | 346.78 | 58.69 | 20,351.1 |
KALPATARU PROJECTS INTERNATIONAL LTD | 516.00 | 37.65 | 19,425.3 |
NCC LTD | 735.13 | 23.70 | 17,425.9 |
GR INFRAPROJECTS LTD | 1,159.56 | 12.89 | 14,941.3 |
STERLING AND WILSON RENEWABLE ENERGY LTD | -210.82 | -90.76 | 19,133.2 |
PNC INFRATECH LTD | 659.51 | 17.82 | 11,754.6 |
Engineering - Construction Industry Benchmark (Top 10) PE Analysis vs LARSEN & TOUBRO 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -90.76x |
Max industry PE | 58.69x |
Median industry PE | 29.71x |
Average industry PE | 15.83x |
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