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SAL STEEL
PE (Price/Earnings) Ratio

The Current P/E Ratio of SAL STEEL is 467.89.

Share Price ₹24.2Nov 21,2024
Market Cap ₹205.9 Cr
Earnings-TTM₹0.4 CrTTM-Standalone Results
Price/Earnings467.89xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SAL STEEL

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 SAL STEEL is calculated as :

Current Market Cap [ ₹205.9 Cr] as on Nov 21,2024

(/) Earnings [ ₹0.4 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 467.89x ]

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

Thus, for SAL STEEL , the investors are currently willing to pay 467.89 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 SAL STEEL !

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 SAL STEEL over the last five years.

Historical PE (Price/Earnings) ratio chart of SAL STEEL


PE Ratio Performance Analysis for SAL STEEL

- SAL STEEL 's latest p/e ratio is 467.89x.

- SAL STEEL 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 83.54x.

- SAL STEEL 's operated at median p/e ratio of 7.33x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SAL STEEL 's p/e ratio peaked in Mar2024 at 374.5x.

- SAL STEEL 's p/e ratio hit its five-year low in Mar2020 of 0.92x.


How does SAL STEEL 's P/E Ratio benchmark against top 10 peers in Steel/Sponge Iron/Pig Iron Industry?

Peer Comparison (Steel/Sponge Iron/Pig Iron Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SAL STEEL 0.44467.89205.9
JINDAL STEEL & POWER LTD5,059.5217.5788,880.3
LLOYDS METALS & ENERGY LTD1,467.1332.6047,826.8
JAI BALAJI INDUSTRIES LTD869.5619.5016,959.7
STEEL EXCHANGE INDIA LTD25.2748.201,218.0
SURAJ PRODUCTS LTD26.4321.57570.0
KIC METALIKS LTD0.63235.09149.1
BIHAR SPONGE IRON LTD10.7712.28132.3
VASWANI INDUSTRIES LTD10.2714.80152.0

Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PE Analysis vs SAL STEEL 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 12.28x
Max industry PE 467.89x
Median industry PE 21.57x
Average industry PE 96.61x



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