PALRED TECHNOLOGIES
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The Current P/E Ratio of PALRED TECHNOLOGIES is -19.35.
Share Price | ₹94.0 | Sep 06,2024 |
Market Cap | ₹114.7 Cr | |
Earnings-TTM | ₹-5.9 Cr | TTM-Consolidated Results |
Price/Earnings | -19.35x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of PALRED TECHNOLOGIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹114.7 Cr] as on Sep 06,2024
(/) Earnings [ ₹-5.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ -19.35x ]
Thus, for PALRED TECHNOLOGIES , the investors are currently willing to pay -19.35 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 PALRED TECHNOLOGIES !
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 PALRED TECHNOLOGIES over the last five years.
Historical PE (Price/Earnings) ratio chart of PALRED TECHNOLOGIES
PE Ratio Performance Analysis for PALRED TECHNOLOGIES
- PALRED TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.31x.
- PALRED TECHNOLOGIES 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, PALRED TECHNOLOGIES 's p/e ratio peaked in Mar2021 at 36.57x.
- PALRED TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does PALRED TECHNOLOGIES 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
PALRED TECHNOLOGIES | -5.93 | -19.35 | 114.7 |
TATA CONSULTANCY SERVICES LTD | 47,084.00 | 34.25 | 1,612,760.0 |
INFOSYS LTD | 26,677.00 | 29.61 | 789,819.0 |
HCL TECHNOLOGIES LTD | 16,438.00 | 28.96 | 476,018.0 |
WIPRO LTD | 11,290.80 | 24.12 | 272,278.0 |
LTIMINDTREE LTD | 4,567.40 | 39.97 | 182,554.0 |
TECH MAHINDRA LTD | 2,552.70 | 62.21 | 158,803.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,335.08 | 40.29 | 94,084.8 |
PERSISTENT SYSTEMS LTD | 1,171.14 | 68.28 | 79,966.6 |
L&T TECHNOLOGY SERVICES LTD | 1,308.00 | 45.46 | 59,465.9 |
TATA ELXSI LTD | 787.46 | 60.02 | 47,261.8 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs PALRED TECHNOLOGIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -19.35x |
Max industry PE | 68.28x |
Median industry PE | 39.97x |
Average industry PE | 37.62x |
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