MIRC ELECTRONICS
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The Current P/E Ratio of MIRC ELECTRONICS is -9.91.
Share Price | ₹20.5 | Dec 02,2024 |
Market Cap | ₹473.6 Cr | |
Earnings-TTM | ₹-47.8 Cr | TTM-Standalone Results |
Price/Earnings | -9.91x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of MIRC ELECTRONICS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
MIRC ELECTRONICS | -47.77 | -9.91 | 473.6 |
DIXON TECHNOLOGIES (INDIA) LTD | 730.99 | 138.37 | 101,150.0 |
HONEYWELL AUTOMATION INDIA LTD | 527.70 | 68.91 | 36,363.9 |
WONDER ELECTRICALS LTD | 11.82 | 151.92 | 1,795.0 |
Consumer Durables - Electronics Industry Benchmark (Top 10) PE Analysis vs MIRC ELECTRONICS 's P/E Ratio
Top 10 Industry Peers | PE 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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