MM FORGINGS
|
The Current P/E Ratio of MM FORGINGS is 16.70.
Share Price | ₹455.2 | Nov 12,2024 |
Market Cap | ₹2,198.6 Cr | |
Earnings-TTM | ₹131.6 Cr | TTM-Consolidated Results |
Price/Earnings | 16.70x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of MM FORGINGS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,198.6 Cr] as on Nov 12,2024
(/) Earnings [ ₹131.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 16.70x ]
Thus, for MM FORGINGS , the investors are currently willing to pay 16.70 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 MM FORGINGS !
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 MM FORGINGS over the last five years.
Historical PE (Price/Earnings) ratio chart of MM FORGINGS
PE Ratio Performance Analysis for MM FORGINGS
- MM FORGINGS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 17.85x.
- MM FORGINGS 's operated at median p/e ratio of 15.72x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MM FORGINGS 's p/e ratio peaked in Mar2021 at 25.95x.
- MM FORGINGS 's p/e ratio hit its five-year low in Mar2020 of 9.56x.
How does MM FORGINGS 's P/E Ratio benchmark against top 10 peers in Forgings Industry?
Peer Comparison (Forgings Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
MM FORGINGS | 131.64 | 16.70 | 2,198.6 |
BHARAT FORGE LTD | 867.54 | 72.99 | 63,322.4 |
CIE AUTOMOTIVE INDIA LTD | 582.01 | 30.79 | 17,919.2 |
RAMKRISHNA FORGINGS LTD | 370.85 | 46.07 | 17,085.0 |
LGB FORGE LTD | -5.09 | -50.32 | 256.1 |
HILTON METAL FORGING LTD | 5.56 | 38.84 | 216.1 |
KALYANI FORGE LTD | 3.87 | 43.21 | 167.1 |
SAMRAT FORGINGS LTD | 2.90 | 56.63 | 164.0 |
TIRUPATI FORGE LTD | 8.11 | 69.40 | 562.8 |
GANGA FORGING LTD | 0.68 | 145.83 | 99.8 |
Forgings Industry Benchmark (Top 10) PE Analysis vs MM FORGINGS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -50.32x |
Max industry PE | 145.83x |
Median industry PE | 46.07x |
Average industry PE | 47.01x |
You may also like the below Video Courses