PITTI ENGINEERING
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The Current P/E Ratio of PITTI ENGINEERING is 42.51.
Share Price | ₹1,344.2 | Nov 22,2024 |
Market Cap | ₹4,771.7 Cr | |
Earnings-TTM | ₹112.2 Cr | TTM-Consolidated Results |
Price/Earnings | 42.51x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of PITTI ENGINEERING
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹4,771.7 Cr] as on Nov 22,2024
(/) Earnings [ ₹112.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 42.51x ]
Thus, for PITTI ENGINEERING , the investors are currently willing to pay 42.51 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 PITTI ENGINEERING !
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 PITTI ENGINEERING over the last five years.
Historical PE (Price/Earnings) ratio chart of PITTI ENGINEERING
PE Ratio Performance Analysis for PITTI ENGINEERING
- PITTI ENGINEERING 's p/e ratio for fiscal years ending Mar2024 to Mar2021 averaged 17.31x.
- PITTI ENGINEERING 's operated at median p/e ratio of 19.95x from fiscal years ending March 2018 to 2022.
- Looking back at the last 4 fiscal years, PITTI ENGINEERING 's p/e ratio peaked in Mar2024 at 27.14x.
- PITTI ENGINEERING 's p/e ratio hit its five-year low in Mar2021 of 7.43x.
How does PITTI ENGINEERING 's P/E Ratio benchmark against top 10 peers in Engineering Industry?
Peer Comparison (Engineering Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
PITTI ENGINEERING | 112.25 | 42.51 | 4,771.7 |
RITES LTD | 430.98 | 30.69 | 13,226.2 |
ENGINEERS INDIA LTD | 278.19 | 36.55 | 10,167.3 |
MTAR TECHNOLOGIES LTD | 38.52 | 139.79 | 5,384.6 |
KENNAMETAL INDIA LTD | 118.50 | 56.70 | 6,718.9 |
INOX GREEN ENERGY SERVICES LTD | 29.33 | 179.44 | 5,263.0 |
THEJO ENGINEERING LTD | 54.25 | 41.57 | 2,255.1 |
DIVGI TORQTRANSFER SYSTEMS LTD | 32.38 | 60.86 | 1,970.8 |
DEEP INDUSTRIES LTD | 144.91 | 22.28 | 3,229.1 |
LOKESH MACHINES LTD | 14.32 | 45.57 | 652.4 |
PRITIKA AUTO INDUSTRIES LTD | 21.62 | 17.87 | 386.3 |
Engineering Industry Benchmark (Top 10) PE Analysis vs PITTI ENGINEERING 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 17.87x |
Max industry PE | 179.44x |
Median industry PE | 42.51x |
Average industry PE | 61.26x |
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