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SCAN STEELS
PE (Price/Earnings) Ratio

The Current P/E Ratio of SCAN STEELS is 13.53.

Share Price ₹52.9Dec 03,2024
Market Cap ₹309.8 Cr
Earnings-TTM₹22.9 CrTTM-Standalone Results
Price/Earnings13.53xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SCAN STEELS

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 SCAN STEELS is calculated as :

Current Market Cap [ ₹309.8 Cr] as on Dec 03,2024

(/) Earnings [ ₹22.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 13.53x ]

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

Thus, for SCAN STEELS , the investors are currently willing to pay 13.53 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 SCAN STEELS !

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 SCAN STEELS over the last five years.

Historical PE (Price/Earnings) ratio chart of SCAN STEELS


PE Ratio Performance Analysis for SCAN STEELS

- SCAN STEELS 's latest p/e ratio is 13.53x.

- SCAN STEELS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 59.35x.

- SCAN STEELS 's operated at median p/e ratio of 9.46x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SCAN STEELS 's p/e ratio peaked in Mar2020 at 262.58x.

- SCAN STEELS 's p/e ratio hit its five-year low in Mar2021 of 3.11x.


How does SCAN STEELS '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
SCAN STEELS 22.9113.53309.8
JSW STEEL LTD5,231.0046.65244,044.0
TATA STEEL LTD2,576.6871.00182,945.0
JINDAL STAINLESS LTD2,435.4024.2258,981.9
STEEL AUTHORITY OF INDIA LTD1,985.5125.5550,722.9
APL APOLLO TUBES LTD582.9374.0343,156.5
MOTHERSON SUMI WIRING INDIA LTD660.2542.6628,166.9
RATNAMANI METALS & TUBES LTD531.1444.5423,655.0
SHYAM METALICS AND ENERGY LTD837.3927.6323,134.4
WELSPUN CORP LTD849.1024.2820,618.0
JINDAL SAW LTD1,872.1310.8320,269.2

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs SCAN STEELS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 10.83x
Max industry PE 74.03x
Median industry PE 27.63x
Average industry PE 36.81x



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