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OIL & NATURAL GAS CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of OIL & NATURAL GAS CORPORATION is 7.62.

Share Price ₹247.9Nov 19,2024
Market Cap ₹311,865.6 Cr
Earnings-TTM₹40,937.9 CrTTM-Consolidated Results
Price/Earnings7.62xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of OIL & NATURAL GAS CORPORATION

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 OIL & NATURAL GAS CORPORATION is calculated as :

Current Market Cap [ ₹311,865.6 Cr] as on Nov 19,2024

(/) Earnings [ ₹40,937.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 7.62x ]

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

Thus, for OIL & NATURAL GAS CORPORATION , the investors are currently willing to pay 7.62 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 latest p/e ratio is 7.62x.

- OIL & NATURAL GAS CORPORATION 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 6.48x.

- OIL & NATURAL GAS CORPORATION 's operated at median p/e ratio of 6.85x 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 RatioMarket Cap
OIL & NATURAL GAS CORPORATION 40,937.907.62311,865.6
OIL INDIA LTD8,260.909.5678,963.7
HINDUSTAN OIL EXPLORATION COMPANY LTD168.6514.252,402.9
JINDAL DRILLING & INDUSTRIES LTD101.7221.522,189.2
ASIAN ENERGY SERVICES LTD36.4840.721,485.4
SELAN EXPLORATION TECHNOLOGY LTD57.8322.771,316.6
DEEP ENERGY RESOURCES LTD-1.61-617.78992.2
ABAN OFFSHORE LTD-1,018.24-0.36367.5
GUJARAT NATURAL RESOURCES LTD-1.73-122.11211.4
AAKASH EXPLORATION SERVICES LTD5.2220.98109.5

Oil Exploration Industry Benchmark (Top 10) PE Analysis vs OIL & NATURAL GAS CORPORATION 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -617.78x
Max industry PE 40.72x
Median industry PE 14.25x
Average industry PE -60.28x



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