OIL & NATURAL GAS CORPORATION
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The Current P/E Ratio of OIL & NATURAL GAS CORPORATION is 7.62.
Share Price | ₹247.9 | Nov 19,2024 |
Market Cap | ₹311,865.6 Cr | |
Earnings-TTM | ₹40,937.9 Cr | TTM-Consolidated Results |
Price/Earnings | 7.62x | 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 [ ₹311,865.6 Cr] as on Nov 19,2024
(/) Earnings [ ₹40,937.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 7.62x ]
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 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 Ratio | Market Cap |
---|---|---|---|
OIL & NATURAL GAS CORPORATION | 40,937.90 | 7.62 | 311,865.6 |
OIL INDIA LTD | 8,260.90 | 9.56 | 78,963.7 |
HINDUSTAN OIL EXPLORATION COMPANY LTD | 168.65 | 14.25 | 2,402.9 |
JINDAL DRILLING & INDUSTRIES LTD | 101.72 | 21.52 | 2,189.2 |
ASIAN ENERGY SERVICES LTD | 36.48 | 40.72 | 1,485.4 |
SELAN EXPLORATION TECHNOLOGY LTD | 57.83 | 22.77 | 1,316.6 |
DEEP ENERGY RESOURCES LTD | -1.61 | -617.78 | 992.2 |
ABAN OFFSHORE LTD | -1,018.24 | -0.36 | 367.5 |
GUJARAT NATURAL RESOURCES LTD | -1.73 | -122.11 | 211.4 |
AAKASH EXPLORATION SERVICES LTD | 5.22 | 20.98 | 109.5 |
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 | -617.78x |
Max industry PE | 40.72x |
Median industry PE | 14.25x |
Average industry PE | -60.28x |
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