MEDICO REMEDIES
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The Current P/E Ratio of MEDICO REMEDIES is 60.83.
Share Price | ₹56.3 | Nov 14,2024 |
Market Cap | ₹467.0 Cr | |
Earnings-TTM | ₹7.7 Cr | TTM-Standalone Results |
Price/Earnings | 60.83x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of MEDICO REMEDIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹467.0 Cr] as on Nov 14,2024
(/) Earnings [ ₹7.7 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 60.83x ]
Thus, for MEDICO REMEDIES , the investors are currently willing to pay 60.83 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 MEDICO REMEDIES !
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 MEDICO REMEDIES over the last five years.
Historical PE (Price/Earnings) ratio chart of MEDICO REMEDIES
PE Ratio Performance Analysis for MEDICO REMEDIES
- MEDICO REMEDIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 28.49x.
- MEDICO REMEDIES 's operated at median p/e ratio of 5.79x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MEDICO REMEDIES 's p/e ratio peaked in Mar2023 at 85.61x.
- MEDICO REMEDIES 's p/e ratio hit its five-year low in Mar2021 of 0.8x.
How does MEDICO REMEDIES 's P/E Ratio benchmark against top 10 peers in Pharmaceuticals & Drugs Industry?
Peer Comparison (Pharmaceuticals & Drugs Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
MEDICO REMEDIES | 7.68 | 60.83 | 467.0 |
SUN PHARMACEUTICAL INDUSTRIES LTD | 11,136.50 | 38.10 | 424,346.0 |
CIPLA LTD | 4,485.22 | 27.01 | 121,151.0 |
DR REDDYS LABORATORIES LTD | 5,406.80 | 18.92 | 102,300.0 |
ZYDUS LIFESCIENCES LTD | 4,298.90 | 22.42 | 96,402.2 |
DIVIS LABORATORIES LTD | 1,836.00 | 83.06 | 152,494.0 |
MANKIND PHARMA LTD | 2,124.86 | 49.14 | 104,413.0 |
TORRENT PHARMACEUTICALS LTD | 1,802.00 | 58.27 | 104,998.0 |
LUPIN LTD | 2,651.94 | 34.64 | 91,854.9 |
AUROBINDO PHARMA LTD | 3,598.83 | 20.15 | 72,501.5 |
ABBOTT INDIA LTD | 1,284.66 | 45.23 | 58,110.5 |
Pharmaceuticals & Drugs Industry Benchmark (Top 10) PE Analysis vs MEDICO REMEDIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 18.92x |
Max industry PE | 83.06x |
Median industry PE | 38.10x |
Average industry PE | 41.62x |
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