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RACE ECO CHAIN
PE (Price/Earnings) Ratio

The Current P/E Ratio of RACE ECO CHAIN is 118.68.

Share Price ₹350.0Nov 21,2024
Market Cap ₹605.5 Cr
Earnings-TTM₹5.1 CrTTM-Standalone Results
Price/Earnings118.68xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RACE ECO CHAIN

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 RACE ECO CHAIN is calculated as :

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 ]

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

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 latest p/e ratio is 118.68x.

- 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 RatioMarket Cap
RACE ECO CHAIN 5.10118.68605.5
VA TECH WABAG LTD262.7040.3010,587.9
ANTONY WASTE HANDLING CELL LTD82.3821.261,751.5
ECO RECYCLING LTD23.7373.521,744.7

Environmental Services Industry Benchmark (Top 10) PE Analysis vs RACE ECO CHAIN 's P/E Ratio

Top 10 Industry PeersPE 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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