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MEDICO REMEDIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of MEDICO REMEDIES is 60.83.

Share Price ₹56.3Nov 14,2024
Market Cap ₹467.0 Cr
Earnings-TTM₹7.7 CrTTM-Standalone Results
Price/Earnings60.83xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MEDICO REMEDIES

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of MEDICO REMEDIES is calculated as :

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 ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

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 latest p/e ratio is 60.83x.

- 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 RatioMarket Cap
MEDICO REMEDIES 7.6860.83467.0
SUN PHARMACEUTICAL INDUSTRIES LTD11,136.5038.10424,346.0
CIPLA LTD4,485.2227.01121,151.0
DR REDDYS LABORATORIES LTD5,406.8018.92102,300.0
ZYDUS LIFESCIENCES LTD4,298.9022.4296,402.2
DIVIS LABORATORIES LTD1,836.0083.06152,494.0
MANKIND PHARMA LTD2,124.8649.14104,413.0
TORRENT PHARMACEUTICALS LTD1,802.0058.27104,998.0
LUPIN LTD2,651.9434.6491,854.9
AUROBINDO PHARMA LTD3,598.8320.1572,501.5
ABBOTT INDIA LTD1,284.6645.2358,110.5

Pharmaceuticals & Drugs Industry Benchmark (Top 10) PE Analysis vs MEDICO REMEDIES 's P/E Ratio

Top 10 Industry PeersPE 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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