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RAMA STEEL TUBES
PE (Price/Earnings) Ratio

The Current P/E Ratio of RAMA STEEL TUBES is 69.84.

Share Price ₹12.2Dec 24,2024
Market Cap ₹1,889.9 Cr
Earnings-TTM₹27.1 CrTTM-Consolidated Results
Price/Earnings69.84xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RAMA STEEL TUBES

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 RAMA STEEL TUBES is calculated as :

Current Market Cap [ ₹1,889.9 Cr] as on Dec 24,2024

(/) Earnings [ ₹27.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 69.84x ]

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

Thus, for RAMA STEEL TUBES , the investors are currently willing to pay 69.84 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 RAMA STEEL TUBES !

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 RAMA STEEL TUBES over the last five years.

Historical PE (Price/Earnings) ratio chart of RAMA STEEL TUBES


PE Ratio Performance Analysis for RAMA STEEL TUBES

- RAMA STEEL TUBES 's latest p/e ratio is 69.84x.

- RAMA STEEL TUBES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 19.33x.

- RAMA STEEL TUBES 's operated at median p/e ratio of 3.04x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RAMA STEEL TUBES 's p/e ratio peaked in Mar2024 at 76.25x.

- RAMA STEEL TUBES 's p/e ratio hit its five-year low in Mar2021 of 0.39x.


How does RAMA STEEL TUBES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
RAMA STEEL TUBES 27.0669.841,889.9
JSW STEEL LTD5,231.0043.11225,532.0
TATA STEEL LTD2,576.6868.00175,205.0
JINDAL STAINLESS LTD2,435.4024.7160,180.5
STEEL AUTHORITY OF INDIA LTD1,985.5124.7649,153.2
APL APOLLO TUBES LTD582.9372.1642,064.4
MOTHERSON SUMI WIRING INDIA LTD660.2539.2925,943.1
RATNAMANI METALS & TUBES LTD531.1443.1922,939.4
SHYAM METALICS AND ENERGY LTD837.3925.0020,933.5
WELSPUN CORP LTD849.1024.3420,669.2
JINDAL SAW LTD1,872.1310.3519,373.9

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs RAMA STEEL TUBES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 10.35x
Max industry PE 72.16x
Median industry PE 39.29x
Average industry PE 40.43x



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