RACE ECO CHAIN
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The Current P/E Ratio of RACE ECO CHAIN is 118.68.
Share Price | ₹350.0 | Nov 21,2024 |
Market Cap | ₹605.5 Cr | |
Earnings-TTM | ₹5.1 Cr | TTM-Standalone Results |
Price/Earnings | 118.68x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of RACE ECO CHAIN
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹605.5 Cr] as on Nov 21,2024
(/) Earnings [ ₹5.1 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 118.68x ]
Thus, for RACE ECO CHAIN , the investors are currently willing to pay 118.68 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 RACE ECO CHAIN !
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 RACE ECO CHAIN over the last five years.
Historical PE (Price/Earnings) ratio chart of RACE ECO CHAIN
PE Ratio Performance Analysis for RACE ECO CHAIN
- RACE ECO CHAIN 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 262.17x.
- RACE ECO CHAIN 's operated at median p/e ratio of 304.55x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, RACE ECO CHAIN 's p/e ratio peaked in Mar2021 at 428.76x.
- RACE ECO CHAIN 's p/e ratio hit its five-year low in Mar2020 of 0x.
How does RACE ECO CHAIN 's P/E Ratio benchmark against top 10 peers in Environmental Services Industry?
Peer Comparison (Environmental Services Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
RACE ECO CHAIN | 5.10 | 118.68 | 605.5 |
VA TECH WABAG LTD | 262.70 | 40.30 | 10,587.9 |
ANTONY WASTE HANDLING CELL LTD | 82.38 | 21.26 | 1,751.5 |
ECO RECYCLING LTD | 23.73 | 73.52 | 1,744.7 |
Environmental Services Industry Benchmark (Top 10) PE Analysis vs RACE ECO CHAIN 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 21.26x |
Max industry PE | 118.68x |
Median industry PE | 73.52x |
Average industry PE | 63.44x |
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