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MIRC ELECTRONICS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MIRC ELECTRONICS is -9.91.

Share Price ₹20.5Dec 02,2024
Market Cap ₹473.6 Cr
Earnings-TTM₹-47.8 CrTTM-Standalone Results
Price/Earnings-9.91xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MIRC ELECTRONICS

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 MIRC ELECTRONICS is calculated as :

Current Market Cap [ ₹473.6 Cr] as on Dec 02,2024

(/) Earnings [ ₹-47.8 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ -9.91x ]

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

Thus, for MIRC ELECTRONICS , the investors are currently willing to pay -9.91 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 MIRC ELECTRONICS !

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 MIRC ELECTRONICS over the last five years.

Historical PE (Price/Earnings) ratio chart of MIRC ELECTRONICS


PE Ratio Performance Analysis for MIRC ELECTRONICS

- MIRC ELECTRONICS 's latest p/e ratio is -9.91x.

- MIRC ELECTRONICS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 33.59x.

- MIRC ELECTRONICS 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MIRC ELECTRONICS 's p/e ratio peaked in Mar2021 at 167.93x.

- MIRC ELECTRONICS 's p/e ratio hit its five-year low in Mar2024 of 0x.


How does MIRC ELECTRONICS 's P/E Ratio benchmark against top 10 peers in Consumer Durables - Electronics Industry?

Peer Comparison (Consumer Durables - Electronics Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MIRC ELECTRONICS -47.77-9.91473.6
DIXON TECHNOLOGIES (INDIA) LTD730.99138.37101,150.0
HONEYWELL AUTOMATION INDIA LTD527.7068.9136,363.9
WONDER ELECTRICALS LTD11.82151.921,795.0

Consumer Durables - Electronics Industry Benchmark (Top 10) PE Analysis vs MIRC ELECTRONICS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -9.91x
Max industry PE 151.92x
Median industry PE 138.37x
Average industry PE 87.32x



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