MAHANAGAR GAS
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The Current P/E Ratio of MAHANAGAR GAS is 12.55.
| Share Price | ₹1,073.0 | May 20,2026 |
| Market Cap | ₹10,600.7 Cr | |
| Earnings-TTM | ₹844.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 12.55x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of MAHANAGAR GAS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹10,600.7 Cr] as on May 20,2026
(/) Earnings [ ₹844.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 12.55x ]
Thus, for MAHANAGAR GAS , the investors are currently willing to pay 12.55 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 MAHANAGAR GAS !
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 MAHANAGAR GAS over the last five years.
Historical PE (Price/Earnings) ratio chart of MAHANAGAR GAS
PE Ratio Performance Analysis for MAHANAGAR GAS
- MAHANAGAR GAS 's p/e ratio for fiscal years ending Mar2025 to Mar2023 averaged 11.98x.
- MAHANAGAR GAS 's operated at median p/e ratio of 12.31x from fiscal years ending March 2018 to 2022.
- Looking back at the last 3 fiscal years, MAHANAGAR GAS 's p/e ratio peaked in Mar2025 at 13.16x.
- MAHANAGAR GAS 's p/e ratio hit its five-year low in Mar2024 of 10.48x.
How does MAHANAGAR GAS 's P/E Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?
| Peer Comparison (Gas Transmission/Marketing Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| MAHANAGAR GAS | 844.79 | 12.55 | 10,600.7 |
| GAIL (INDIA) LTD | 7,279.92 | 14.05 | 102,276.0 |
| ADANI TOTAL GAS LTD | 633.73 | 105.95 | 67,143.4 |
| GUJARAT ENERGY LTD | 1,158.70 | 42.16 | 48,845.2 |
| INDRAPRASTHA GAS LTD | 1,242.51 | 17.44 | 21,672.0 |
Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs MAHANAGAR GAS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 12.55x |
| Max industry PE | 105.95x |
| Median industry PE | 17.44x |
| Average industry PE | 38.43x |
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