MAHANAGAR GAS
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The Current P/E Ratio of MAHANAGAR GAS is 14.91.
| Share Price | ₹1,819.0 | Sep 16,2024 |
| Market Cap | ₹17,971.2 Cr | |
| Earnings-TTM | ₹1,205.2 Cr | TTM-Standalone Results |
| Price/Earnings | 14.91x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of MAHANAGAR GAS
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)
Current Market Cap [ ₹17,971.2 Cr] as on Sep 16,2024
(/) Earnings [ ₹1,205.2 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 14.91x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for MAHANAGAR GAS , the investors are currently willing to pay 14.91 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 MAHANAGAR GAS !
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 MAHANAGAR GAS over the last five years.
Thus, for MAHANAGAR GAS , the investors are currently willing to pay 14.91 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 MAHANAGAR GAS !
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 MAHANAGAR GAS over the last five years.
Historical PE (Price/Earnings) ratio chart of MAHANAGAR GAS
PE Ratio Performance Analysis for MAHANAGAR GAS
- MAHANAGAR GAS 's latest p/e ratio is 14.91x.
- MAHANAGAR GAS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 12.89x.
- MAHANAGAR GAS 's operated at median p/e ratio of 12.31x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MAHANAGAR GAS 's p/e ratio peaked in Mar2021 at 18.61x.
- MAHANAGAR GAS 's p/e ratio hit its five-year low in Mar2020 of 10.18x.
- MAHANAGAR GAS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 12.89x.
- MAHANAGAR GAS 's operated at median p/e ratio of 12.31x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MAHANAGAR GAS 's p/e ratio peaked in Mar2021 at 18.61x.
- MAHANAGAR GAS 's p/e ratio hit its five-year low in Mar2020 of 10.18x.
How does MAHANAGAR GAS 's P/E Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?
| Peer Comparison (Gas Transmission/Marketing Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| MAHANAGAR GAS | 1,205.20 | 14.91 | 17,971.2 |
| ADANI TOTAL GAS LTD | 675.46 | 131.51 | 88,831.7 |
| GUJARAT GAS LTD | 1,255.82 | 34.57 | 43,409.9 |
| INDRAPRASTHA GAS LTD | 1,603.43 | 23.15 | 37,124.5 |
| GUJARAT STATE PETRONET LTD | 2,275.68 | 10.29 | 23,426.1 |
| CONFIDENCE FUTURISTIC ENERGETECH LTD | 4.01 | 45.92 | 183.9 |
Gas Transmission/Marketing Industry Benchmark (Top 10) PE Analysis vs MAHANAGAR GAS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 10.29x |
| Max industry PE | 131.51x |
| Median industry PE | 34.57x |
| Average industry PE | 43.39x |
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