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MM FORGINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MM FORGINGS is 16.70.

Share Price ₹455.2Nov 12,2024
Market Cap ₹2,198.6 Cr
Earnings-TTM₹131.6 CrTTM-Consolidated Results
Price/Earnings16.70xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MM FORGINGS

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 MM FORGINGS is calculated as :

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 ]

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

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 latest p/e ratio is 16.70x.

- 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 RatioMarket Cap
MM FORGINGS 131.6416.702,198.6
BHARAT FORGE LTD867.5472.9963,322.4
CIE AUTOMOTIVE INDIA LTD582.0130.7917,919.2
RAMKRISHNA FORGINGS LTD370.8546.0717,085.0
LGB FORGE LTD-5.09-50.32256.1
HILTON METAL FORGING LTD5.5638.84216.1
KALYANI FORGE LTD3.8743.21167.1
SAMRAT FORGINGS LTD2.9056.63164.0
TIRUPATI FORGE LTD8.1169.40562.8
GANGA FORGING LTD0.68145.8399.8

Forgings Industry Benchmark (Top 10) PE Analysis vs MM FORGINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -50.32x
Max industry PE 145.83x
Median industry PE 46.07x
Average industry PE 47.01x



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