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PITTI ENGINEERING
PE (Price/Earnings) Ratio

The Current P/E Ratio of PITTI ENGINEERING is 42.51.

Share Price ₹1,344.2Nov 22,2024
Market Cap ₹4,771.7 Cr
Earnings-TTM₹112.2 CrTTM-Consolidated Results
Price/Earnings42.51xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PITTI ENGINEERING

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 PITTI ENGINEERING is calculated as :

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 ]

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

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 latest p/e ratio is 42.51x.

- 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 RatioMarket Cap
PITTI ENGINEERING 112.2542.514,771.7
RITES LTD430.9830.6913,226.2
ENGINEERS INDIA LTD278.1936.5510,167.3
MTAR TECHNOLOGIES LTD38.52139.795,384.6
KENNAMETAL INDIA LTD118.5056.706,718.9
INOX GREEN ENERGY SERVICES LTD29.33179.445,263.0
THEJO ENGINEERING LTD54.2541.572,255.1
DIVGI TORQTRANSFER SYSTEMS LTD32.3860.861,970.8
DEEP INDUSTRIES LTD144.9122.283,229.1
LOKESH MACHINES LTD14.3245.57652.4
PRITIKA AUTO INDUSTRIES LTD21.6217.87386.3

Engineering Industry Benchmark (Top 10) PE Analysis vs PITTI ENGINEERING 's P/E Ratio

Top 10 Industry PeersPE 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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