SAL STEEL
|
The Current P/E Ratio of SAL STEEL is 467.89.
Share Price | ₹24.2 | Nov 21,2024 |
Market Cap | ₹205.9 Cr | |
Earnings-TTM | ₹0.4 Cr | TTM-Standalone Results |
Price/Earnings | 467.89x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of SAL STEEL
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
SAL STEEL | 0.44 | 467.89 | 205.9 |
JINDAL STEEL & POWER LTD | 5,059.52 | 17.57 | 88,880.3 |
LLOYDS METALS & ENERGY LTD | 1,467.13 | 32.60 | 47,826.8 |
JAI BALAJI INDUSTRIES LTD | 869.56 | 19.50 | 16,959.7 |
STEEL EXCHANGE INDIA LTD | 25.27 | 48.20 | 1,218.0 |
SURAJ PRODUCTS LTD | 26.43 | 21.57 | 570.0 |
KIC METALIKS LTD | 0.63 | 235.09 | 149.1 |
BIHAR SPONGE IRON LTD | 10.77 | 12.28 | 132.3 |
VASWANI INDUSTRIES LTD | 10.27 | 14.80 | 152.0 |
Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PE Analysis vs SAL STEEL 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 12.28x |
Max industry PE | 467.89x |
Median industry PE | 21.57x |
Average industry PE | 96.61x |
You may also like the below Video Courses