MAHANAGAR GAS
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The Current P/E Ratio of MAHANAGAR GAS is 11.27.
Share Price | ₹1,311.4 | Nov 14,2024 |
Market Cap | ₹12,956.6 Cr | |
Earnings-TTM | ₹1,149.5 Cr | TTM-Standalone Results |
Price/Earnings | 11.27x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of MAHANAGAR GAS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹12,956.6 Cr] as on Nov 14,2024
(/) Earnings [ ₹1,149.5 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 11.27x ]
Thus, for MAHANAGAR GAS , the investors are currently willing to pay 11.27 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 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 | 1,149.50 | 11.27 | 12,956.6 |
ADANI TOTAL GAS LTD | 684.68 | 109.90 | 75,243.5 |
GUJARAT GAS LTD | 1,266.59 | 26.42 | 33,469.5 |
INDRAPRASTHA GAS LTD | 1,504.57 | 18.89 | 28,416.5 |
GUJARAT STATE PETRONET LTD | 2,136.63 | 9.26 | 19,795.4 |
CONFIDENCE FUTURISTIC ENERGETECH LTD | 3.90 | 41.32 | 161.2 |
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 | 9.26x |
Max industry PE | 109.90x |
Median industry PE | 26.42x |
Average industry PE | 36.18x |
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