OIL & NATURAL GAS CORPORATION
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The Current P/E Ratio of OIL & NATURAL GAS CORPORATION is 6.89.
Share Price | ₹277.7 | May 16,2024 |
Market Cap | ₹349,292.0 Cr | |
Earnings-TTM | ₹50,690.9 Cr | TTM-Consolidated Results |
Price/Earnings | 6.89x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of OIL & NATURAL GAS CORPORATION
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹349,292.0 Cr] as on May 16,2024
(/) Earnings [ ₹50,690.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 6.89x ]
Thus, for OIL & NATURAL GAS CORPORATION , the investors are currently willing to pay 6.89 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 OIL & NATURAL GAS CORPORATION !
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 OIL & NATURAL GAS CORPORATION over the last five years.
Historical PE (Price/Earnings) ratio chart of OIL & NATURAL GAS CORPORATION
PE Ratio Performance Analysis for OIL & NATURAL GAS CORPORATION
- OIL & NATURAL GAS CORPORATION 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.46x.
- OIL & NATURAL GAS CORPORATION 's operated at median p/e ratio of 6.57x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, OIL & NATURAL GAS CORPORATION 's p/e ratio peaked in Mar2020 at 7.95x.
- OIL & NATURAL GAS CORPORATION 's p/e ratio hit its five-year low in Mar2022 of 4.53x.
How does OIL & NATURAL GAS CORPORATION 's P/E Ratio benchmark against top 10 peers in Oil Exploration Industry?
Peer Comparison (Oil Exploration Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
OIL & NATURAL GAS CORPORATION | 50,690.90 | 6.89 | 349,292.0 |
OIL INDIA LTD | 6,730.33 | 10.27 | 69,136.2 |
HINDUSTAN OIL EXPLORATION COMPANY LTD | 263.82 | 9.83 | 2,594.6 |
JINDAL DRILLING & INDUSTRIES LTD | 100.20 | 21.68 | 2,172.4 |
ASIAN ENERGY SERVICES LTD | 25.01 | 49.36 | 1,234.3 |
SELAN EXPLORATION TECHNOLOGY LTD | 32.74 | 29.98 | 981.5 |
DEEP ENERGY RESOURCES LTD | -0.64 | -892.21 | 572.8 |
ABAN OFFSHORE LTD | -1,355.95 | -0.28 | 374.2 |
GUJARAT NATURAL RESOURCES LTD | -2.39 | -65.32 | 156.2 |
AAKASH EXPLORATION SERVICES LTD | 3.76 | 27.91 | 104.8 |
Oil Exploration Industry Benchmark (Top 10) PE Analysis vs OIL & NATURAL GAS CORPORATION 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -892.21x |
Max industry PE | 49.36x |
Median industry PE | 10.27x |
Average industry PE | -80.19x |
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