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MERCURY EVTECH
PE (Price/Earnings) Ratio

The Current P/E Ratio of MERCURY EVTECH is 1,074.54.

Share Price ₹104.4Nov 08,2024
Market Cap ₹1,983.6 Cr
Earnings-TTM₹1.8 CrTTM-Consolidated Results
Price/Earnings1,074.54xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MERCURY EVTECH

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 MERCURY EVTECH is calculated as :

Current Market Cap [ ₹1,983.6 Cr] as on Nov 08,2024

(/) Earnings [ ₹1.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 1,074.54x ]

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

Thus, for MERCURY EVTECH , the investors are currently willing to pay 1,074.54 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 MERCURY EVTECH !

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 MERCURY EVTECH over the last five years.

Historical PE (Price/Earnings) ratio chart of MERCURY EVTECH


PE Ratio Performance Analysis for MERCURY EVTECH

- MERCURY EVTECH 's latest p/e ratio is 1,074.54x.

- MERCURY EVTECH 's p/e ratio for fiscal years ending Mar2023 to Mar2022 averaged 88.73x.

- MERCURY EVTECH 's operated at median p/e ratio of 174.77x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, MERCURY EVTECH 's p/e ratio peaked in Mar2023 at 174.77x.

- MERCURY EVTECH 's p/e ratio hit its five-year low in Mar2022 of 2.68x.


How does MERCURY EVTECH 's P/E Ratio benchmark against top 10 peers in Automobiles - Passenger Cars Industry?

Peer Comparison (Automobiles - Passenger Cars Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MERCURY EVTECH 1.851,074.541,983.6
MARUTI SUZUKI INDIA LTD13,782.5025.79355,503.0
MAHINDRA & MAHINDRA LTD11,578.1032.00370,478.0

Automobiles - Passenger Cars Industry Benchmark (Top 10) PE Analysis vs MERCURY EVTECH 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 1.00x
Max industry PE 32.00x
Median industry PE 25.79x
Average industry PE 19.60x



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