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NESCO
PE (Price/Earnings) Ratio

The Current P/E Ratio of NESCO is 20.35.

Share Price ₹988.8Nov 22,2024
Market Cap ₹6,971.0 Cr
Earnings-TTM₹342.6 CrTTM-Consolidated Results
Price/Earnings20.35xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NESCO

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 NESCO is calculated as :

Current Market Cap [ ₹6,971.0 Cr] as on Nov 22,2024

(/) Earnings [ ₹342.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 20.35x ]

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

Thus, for NESCO , the investors are currently willing to pay 20.35 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 NESCO !

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 NESCO over the last five years.

Historical PE (Price/Earnings) ratio chart of NESCO


PE Ratio Performance Analysis for NESCO

- NESCO 's latest p/e ratio is 20.35x.

- NESCO 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 17.64x.

- NESCO 's operated at median p/e ratio of 18.82x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NESCO 's p/e ratio peaked in Mar2021 at 21.55x.

- NESCO 's p/e ratio hit its five-year low in Mar2023 of 12.54x.


How does NESCO 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NESCO 342.5720.356,971.0
BHARAT ELECTRONICS LTD4,498.6545.63205,259.0
BHARAT HEAVY ELECTRICALS LTD168.85483.3981,619.6
THERMAX LTD732.6973.0053,483.9
TRIVENI TURBINE LTD315.5269.1721,825.4
KIRLOSKAR OIL ENGINES LTD515.8230.0015,472.6
ELECON ENGINEERING COMPANY LTD346.7836.2912,584.3
PRAJ INDUSTRIES LTD300.3647.8114,361.3
SHRIRAM PISTONS & RINGS LTD467.2718.768,765.7
KIRLOSKAR BROTHERS LTD391.9044.0817,276.2
TEGA INDUSTRIES LTD164.0369.1211,338.0

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs NESCO 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 18.76x
Max industry PE 483.39x
Median industry PE 45.63x
Average industry PE 85.24x



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