MAHANAGAR GAS
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The Current P/E Ratio of MAHANAGAR GAS is 12.39.
Share Price | ₹1,441.2 | Oct 31,2024 |
Market Cap | ₹14,238.6 Cr | |
Earnings-TTM | ₹1,149.5 Cr | TTM-Standalone Results |
Price/Earnings | 12.39x | Calculated as Market Cap/Earnings |
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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 [ ₹14,238.6 Cr] as on Oct 31,2024
(/) Earnings [ ₹1,149.5 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 12.39x ]
Thus, for MAHANAGAR GAS , the investors are currently willing to pay 12.39 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 Mar2024 to Mar2020 averaged 12.89x.
- 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 5 fiscal years, MAHANAGAR GAS 's p/e ratio peaked in Mar2021 at 18.61x.
- MAHANAGAR GAS 's p/e ratio hit its five-year low in Mar2020 of 10.18x.
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 | 1,149.50 | 12.39 | 14,238.6 |
ADANI TOTAL GAS LTD | 684.68 | 115.43 | 79,032.4 |
GUJARAT GAS LTD | 1,255.82 | 28.47 | 35,748.1 |
INDRAPRASTHA GAS LTD | 1,504.57 | 19.55 | 29,410.5 |
GUJARAT STATE PETRONET LTD | 2,275.68 | 9.64 | 21,945.0 |
CONFIDENCE FUTURISTIC ENERGETECH LTD | 4.01 | 42.53 | 170.3 |
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 | 9.64x |
Max industry PE | 115.43x |
Median industry PE | 28.47x |
Average industry PE | 38.00x |
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