LIFE INSURANCE CORPORATION OF INDIA
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The Current P/E Ratio of LIFE INSURANCE CORPORATION OF INDIA is 15.61.
Share Price | ₹922.6 | Oct 31,2024 |
Market Cap | ₹583,544.5 Cr | |
Earnings-TTM | ₹37,372.3 Cr | TTM-Consolidated Results |
Price/Earnings | 15.61x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of LIFE INSURANCE CORPORATION OF INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹583,544.5 Cr] as on Oct 31,2024
(/) Earnings [ ₹37,372.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 15.61x ]
Thus, for LIFE INSURANCE CORPORATION OF INDIA, the investors are currently willing to pay 15.61 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 LIFE INSURANCE CORPORATION OF 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 LIFE INSURANCE CORPORATION OF INDIA over the last five years.
Historical PE (Price/Earnings) ratio chart of LIFE INSURANCE CORPORATION OF INDIA
PE Ratio Performance Analysis for LIFE INSURANCE CORPORATION OF INDIA
- LIFE INSURANCE CORPORATION OF INDIA's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.00x.
- LIFE INSURANCE CORPORATION OF 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, LIFE INSURANCE CORPORATION OF INDIA's p/e ratio peaked in Mar2024 at 0x.
- LIFE INSURANCE CORPORATION OF INDIA's p/e ratio hit its five-year low in Mar2024 of 0x.
How does LIFE INSURANCE CORPORATION OF INDIA's P/E Ratio benchmark against top 10 peers in Insurance Industry?
Peer Comparison (Insurance Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
LIFE INSURANCE CORPORATION OF INDIA | 37,372.30 | 15.61 | 583,544.5 |
SBI LIFE INSURANCE COMPANY LTD | 2,181.49 | 74.54 | 162,607.0 |
HDFC LIFE INSURANCE COMPANY LTD | 1,693.33 | 91.36 | 154,702.0 |
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD | 875.92 | 122.20 | 107,039.0 |
ICICI LOMBARD GENERAL INSURANCE COMPANY LTD | 2,225.28 | 42.67 | 94,955.7 |
GENERAL INSURANCE CORPORATION OF INDIA | 6,679.83 | 9.68 | 64,684.7 |
THE NEW INDIA ASSURANCE COMPANY LTD | 1,327.14 | 24.33 | 32,284.3 |
STAR HEALTH AND ALLIED INSURANCE COMPANY LTD | 862.09 | 34.24 | 29,517.9 |
Insurance Industry Benchmark (Top 10) PE Analysis vs LIFE INSURANCE CORPORATION OF INDIA's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 9.68x |
Max industry PE | 122.20x |
Median industry PE | 42.67x |
Average industry PE | 51.83x |
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